US EditionUBS Derivatives Scandal: Legal Storm Brewing
5 Articles
5 Articles
Wealthy private customers of UBS have made high losses with dollar derivatives. Legal actions are in preparation, but the Grossbank adheres to speculative financial products.
Two years after the acquisition of Credit Suisse, UBS has taken another key step: the migration of its Swiss customers' accounts. After a test phase in Asia, the first transfers were launched in Switzerland. A delicate project for the bank and its customers.
UBS Derivatives Scandal: Legal Storm Brewing
After UBS quietly offered goodwill payments to some clients burned by dollar derivatives, a much bigger battle is unfolding. A wave of legal action is now taking shape, with investors preparing lawsuits and prosecutors reviewing complaints, signaling that the controversy is far from over. On Tuesday, the «Financial Times» revealed that UBS had made goodwill payments to select clients who suffered heavy losses from dollar-based derivatives. But t…
After UBS has reached agreements with some customers in the case of the lossy dollar-derivatives on a cash basis, other lawsuits are being prepared.
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