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Swiss banking giant UBS AG agreed yesterday to turn over to the U.S. Internal Revenue Service details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing ...
UBS has an estimated 52,000 accounts of U.S. customers. The IRS chief said the 4,450 accounts being relinquished to the agency were the ones most suspected of containing undeclared assets.
Court records in Miami claim that Swiss bank UBS AG used coded e-mail language, created hundreds of sham offshore entities and lied to U.S. officials in a scheme to conceal the accounts of wealthy ...
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GlobalData on MSNUBS Q2 profit before tax surges 49% to $2.19bnSwiss banking giant UBS has disclosed a profit before tax (PBT) of $2.19bn for the second quarter of 2025, a surge of 49% ...
UBS declined a request by the Gaza Humanitarian Foundation (GHF) to open a bank account in Switzerland while Goldman Sachs did not set up a Swiss account for GHF after initial talks, two people with ...
UBS's second-quarter profit more than doubled from a year earlier, beating expectations on a surge in trading activity even ...
He reiterated that UBS did not want the tie-up, which was arranged hastily over one March weekend by the Swiss authorities to stave off a broader banking crisis. UBS would significantly scale back the ...
In 2021, UBS spent $1.4 billion to buy U.S.-focused digital investing platform Wealthfront, which has more than $27 billion under management. It also rolled out a hybrid digital wealth management ...
Canadian government officials pressed representatives of Swiss bank UBS AG on Wednesday for details of Canadians who might be account holders, a spokeswoman for the Canada Revenue Agency said ...
UBS said it planned to “substantially complete” the integration of Credit Suisse’s operations by the end of 2026 and to “achieve gross cost reductions of over $10 billion over that time.” ...
The Swiss bank’s Americas wealth management unit reported net outflows of $3.5 billion for the second quarter.
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