The Surprising Drop in the Dollar Led the Swiss Bank to Compensate Customers

Globes

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Swiss bank UBS will compensate clients for losses of hundreds of millions of dollars as a result of using a financial instrument marketed to them, which was based on the dollar-franc exchange rate • The losses were recorded after the dollar plunged due to Trump's declaration of a trade war • The bank: The compensation will be awarded as a "gesture of goodwill"

Handelszeitung

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UBS customers have lost money with currency transactions. Criminal charges have been received. Now UBS is paying angry customers compensation.

Inside Paradeplatz

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In the scandal surrounding highly explosive Strukis, many customers were trapped with mortgages. If they went out of business, the bank could grab their hut. "We have to do something. Quickly." The UBS consultant made clear to the customer on the phone what it had beaten. It fell out of all weeks. Since 2022, he had earned around 500 Swiss francs of cash every two weeks with Dollar-Strukis. "Settling the dollar rate after [...]