UBS shares rattled by report of US probe into Russia sanctions evasion

Ukraine update: Kyiv targets Kremlin’s ‘military-industrial complex’; US steps up Russia sanctions evasion probe into Credit Suisse, UBS

Ukrainian President Volodymyr Zelensky said pressure on the Kremlin’s ‘military-industrial complex’ needed to be ramped up and indicated his forces would continue to attack Russian targets. The post Kyiv targets Kremlin’s ‘military-industrial complex’; US steps up sanctions evasion probe into Credit Suisse, UBS appeared first on Daily Maverick.

UBS shares slip after report of DoJ sanctions probe into Credit Suisse

Shares in UBS slipped today after a report suggested that Credit Suisse is at the centre of a US probe into potential sanctions breaches. Having started by seeking information on how accounts of sanctioned individuals were handled at a number of banks, the US Department of Justice has reportedly honed in on Credit Suisse. According to Bloomberg, the bank has been asked for further detail on its handling of accounts of sanctioned individuals whil…

UBS shares rattled by report of US probe into Russia sanctions evasion

By Hanna Ziady, CNN London (CNN) — Shares of UBS plunged Wednesday following a Bloomberg report that the Swiss bank faces a widening probe by the US Department of Justice (DOJ) over suspected compliance failures that allowed Russian clients to evade sanctions. The Swiss Stock Exchange said it had temporarily stopped trade in the stock, which had fallen as much as 8% before it was suspended. Trading resumed later and shares stood about 3.5% lower…

US: DOJ opens probe into UBS, Credit Suisse over alleged Russian sanctions evasion

The US Department of Justice (DOJ) has turned up the heat on Credit Suisse Group and UBS over suspicions that the compliance failures allowed Russian clients to evade sanctions, according to a Bloomberg report.  Citing sources familiar with the matter, the report stated that the DOJ had briefed US-based lawyers for UBS about Credit Suisse’s alleged exposure to sanctions violations since UBS acquired its smaller rival in June.

UBS shares rattled by report of US probe into Russia sanctions evasion

By Hanna Ziady, CNN London (CNN) — Shares of UBS plunged Wednesday following a Bloomberg report that the Swiss bank faces a widening probe by the US Department of Justice (DOJ) over suspected compliance failures that allowed Russian clients to evade sanctions. The Swiss Stock Exchange said it had temporarily stopped trade in the stock, which had fallen as much as 8% before they were suspended. Trading resumed later and shares stood about 3.5% lo…

UBS shares rattled by report of US probe into Russia sanctions evasion

UBS shares plunged Wednesday following a report that the Swiss bank faces a widening probe by the US Department of Justice over suspected compliance failures that allowed Russian clients to evade sanctions. compliance failures that allowed Russian clients to evade sanctions.