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us investigates ubS over russian client accounts following cs acquisition
UBS is under investigation by US authorities regarding Russian clients inherited from its acquisition of Credit Suisse. The Office of Foreign Assets Control (OFAC) is scrutinizing these accounts, prompting UBS to segregate suspicious funds and close certain accounts to mitigate potential repercussions. While UBS is cooperating, the extent of problematic Russian funds remains unclear, as the bank sheds unwanted clients linked to Russia.
liechtensteinische landesbank issues 200 million chf bond amid strong investor demand
Liechtensteinische Landesbank (LLB) AG has successfully issued a CHF 200 million fixed-interest bond, reflecting strong investor demand and the bank's solid market reputation. With a Tier 1 ratio of 19.7% and a Moody's Aa2 rating, LLB aims to enhance its financing structure and support growth. The bond, maturing in ten years with a yield of 1.552%, will be listed on SIX starting October 29, 2024.
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