-
UBS to pay $300M to settle Credit Suisse mortgage securities case
04 Aug 2025 19:46 GMT
… the Swiss bank roughly $5.5 billion in March 2021.
UBS’ … Suisse. Bloomberg Intelligence estimated UBS would pay $500 million … , in October 2023. Though UBS did not disclose any financial … Suisse helped taxpayers hide assets and income in offshore accounts for …
-
Spotlight On Lack Of India, Swiss-US Trade Deal; S Korea Agreement
03 Aug 2025 21:11 GMT
…
watches and machine tools.
However, UBS
Global Wealth Management's … products. These account for around 60 per cent of Swiss goods
exports … for the Swiss
economy in the coming quarters,” UBS GWM said … steel and aluminium will be
taxed at 50 per cent, in …
-
Musk and Melons: A moment to rethink wealth taxes
03 Aug 2025 00:17 GMT
… the same thing: the Swiss bank, UBS, in its Global Wealth … income as Federal income taxes whereas ordinary Americans paid … usual economic arguments against aggressively taxing the ultra-rich are … to be footloose and creative accounting is a burgeoning art, …
-
UBS doubles net profit in Q2 on surge in transactions despite global market volatility
30 Jul 2025 18:24 GMT
… March 2023, prompting the Swiss government, the central bank … UBS said it had completed the migration of Credit Suisse client accounts … booked outside Switzerland onto the UBS platform, while Swiss … US tariffs.
Profit after tax dropped by one third …
-
UBS profit beats expectations as CEO Ermotti holds stance on capital
31 Jul 2025 10:49 GMT
… ". Deliberations in the Swiss parliament over capital requirements could … Bank analysts, "while Swiss regulation remains a known headwind … well as a net income tax benefit of $209 million. … track, UBS said, with one-third of client accounts booked in …
-
UBS CEO says U.S. wealth unit 'not yet where we should be'
30 Jul 2025 20:41 GMT
… report on Wednesday, the Swiss financial giant said it … taxes
Despite the headcount dip and net assets outflows, UBS … wealth business. Its fee-generating accounts, for one, gained $ … assets, savings and brokerage accounts and institutional assets, among …
-
UBS more-than-doubles second-quarter net profit
30 Jul 2025 13:15 GMT
… Suisse.
Around one-third of Swiss client accounts had now migrated, and … started with extreme volatility,” highlighting UBS’s ability to “stay close … matter, and a $577m deferred tax benefit.
The bank also made …
-
UBS posts quarterly profit of $2.4 billion
30 Jul 2025 10:34 GMT
… for various items, pre-tax profit totalled $2.68 billion … of Credit Suisse clients’ accounts booked outside of Switzerland as … complete the transfer of the Swiss booking centres by the … its cost-cutting programme, UBS also achieved additional gross savings …
-
UBS Criticises Proposed Swiss Capital Hike, Says It Diverges From Global Standards
08 Jun 2025 12:59 GMT
… UBS would also need
to fully deduct deferred tax … adjustments (PVAs),” UBS said.
The Swiss Financial Market Supervisory … the Swiss banking centre.
“The introduction of an accountability regime … UBS said that across all its divisions,
underlying pre-tax …
-
Miami man sentenced to 5 years in prison for hiding $20M in secret Swiss accounts to evade taxes
23 Jul 2025 20:59 GMT
… of secret accounts at five Swiss banks, including UBS, Credit Suisse … of investigations into UBS for aiding tax evasion, Rotta moved … S. Tax Court, denying ownership of the foreign accounts and … the agency reversed its tax assessments—only for investigators …