UBS will adjust its accrual for the 2022 ordinary dividend from USD 0.51 to USD 0.55 per share – an increase of 10% year-on-year.
Major banks face another complaint accusing them of collusion to manipulate the London InterBank Offered Rate (LIBOR).
Tom Naratil will step down from his current roles as Co-President Global Wealth Management and President UBS Americas.
UBS Financial Services has agreed to pay $25 million to settle fraud charges relating to a complex investment strategy.
Colm Kelleher succeeds Axel A. Weber, who has reached the maximum term limit after ten years in office and did not stand for re-election.
Axel Weber will have reached the ten-year term limit and will not stand for re-election as Chairman of UBS.
UBS (China) Limited establishes a new team to offer focused coverage of exchange rates and interest rates linked swap derivatives.
UBS today announced the inaugural launch of Daily Leverage Certificates (DLCs) on the Singapore Exchange (SGX).
Global Markets revenues at UBS increased by USD 90 million, or 6%, to USD 1,523 million, driven by higher revenues from Forex.
Between May 2014 and February 2020, UBS investment adviser German Nino stole approximately $5.8 million from a client.