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Michel Christopher "Christoph" Meili (born 21 April 1968) is a Swiss-American whistleblower and former security professional. In 1997, Meili illegally disclosed to third parties that Swiss bank Union Bank of Switzerland (UBS) was destroying documentation of Holocaust-era assets.
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were: taken over or merged with another financial ...
ZURICH (Reuters) -A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 ...
UBS CEO Sergio Ermotti has taken on a challenge unprecedented in the history of global banking, and the stakes for him, the bank and global financial markets are sky-high. He’s leading the ...
Due to their size and complexity, UBS and Credit Suisse are subject to an extra degree of supervision from the Federal Banking Commission. [ 80 ] As of 2023 [update] only one in five Swiss people banks with either UBS or Credit Suisse, but most Swiss prefer one or the other.
UBS made a hefty loss in the first full quarter since it closed a deal to rescue Credit Suisse, highlighting the scale of the challenge the bank faces as it absorbs its stricken rival.
According to UBS, eventually Credit Suisse will be fully integrated into UBS [10] but while the integration is not complete both banks are operating separately. Headquartered in Zürich , as a standalone firm it maintained offices in all major financial centers around the world and provided services in investment banking , private banking ...