{
}
UBS has been acquitted by the Federal Criminal Court in a case involving money laundering linked to the Bulgarian Mafia, which it inherited from Credit Suisse. The court's decision followed an appeal, while Credit Suisse had previously been fined CHF 2 million for inadequate supervision. Two other defendants received reduced prison sentences.
The Swiss Federal Criminal Court has acquitted UBS of money laundering charges linked to the Bulgarian mafia, a case inherited from Credit Suisse. The latter was previously fined 2 million Swiss francs and ordered to pay 19 million in compensation for failing to supervise its relations with the mafia between 2007 and 2008. Two defendants received reduced sentences, while the verdict remains subject to appeal.
A Swiss court acquitted Credit Suisse of failing to prevent money laundering linked to a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The ruling was influenced by the death of a former employee, which hindered the examination of her alleged criminal conduct. UBS, now the parent company of Credit Suisse, welcomed the decision, while the Swiss federal attorney general's office is considering further action.
A top Swiss court has acquitted Credit Suisse of a 2022 conviction related to its failure to prevent money laundering linked to a Bulgarian cocaine trafficking gang. The bank, which collapsed in 2023 amid various scandals, was subsequently taken over by UBS.
UBS has been acquitted by the Swiss Federal Criminal Court of charges related to laundering money for the Bulgarian mafia, a case inherited from Credit Suisse. The latter was previously fined CHF 2 million for inadequate supervision and compliance with anti-money laundering regulations. Two other defendants received reduced prison sentences of 29 and five months.
UBS has modernized its headquarters in Monaco, the Villa Belgica, under the direction of architect Jean Nouvel. The renovation, which spans 1,700 square meters, enhances employee space and client experience, accommodating around 90 staff primarily in Wealth Management. The building blends historic Belle Époque architecture with contemporary design elements.
UBS has rated Aroundtown as 'Neutral' with a target price of €2. The stock saw a notable increase, closing at €3.04, up 5.19% from the previous day. Trading activity varied across platforms, with prices ranging from €2.877 in Hanover to €3.106 in Hamburg.
A top Swiss court has acquitted Credit Suisse of a 2022 conviction related to money laundering for a Bulgarian cocaine trafficking gang. The Federal Criminal Court's appeals chamber lifted the compensation claim against the bank, which is now part of UBS following its collapse in 2023 amid various scandals.
A high-level Swiss court has acquitted Credit Suisse of a 2022 conviction for failing to prevent money laundering linked to a Bulgarian cocaine trafficking gang. The Appeals Chamber of the Federal Criminal Court stated that the charge was dismissed and the compensation claim against the bank was withdrawn. Credit Suisse, which went bankrupt in 2023 and was subsequently taken over by UBS, faced numerous scandals and setbacks leading to its downfall.
A top Swiss court has acquitted Credit Suisse of a 2022 conviction related to money laundering for a Bulgarian cocaine trafficking gang. The Federal Criminal Court's appeals chamber lifted the compensation claim against the bank, which collapsed in 2023 and was taken over by UBS.
UBS
Companies
UBS / nyse
UBS Group AG
At close 09/20/2024 20:00:03
29.9$
-0.5$ (-0.02%)
After hours: 09/20/2024 21:13:31
29.8001$
-0.1$ (-0%)
Content of tab #2
UBS Group AG
UBS Group AG is a multinational investment bank and financial services company based out of Switzerland. It provides Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Banking services to the private, institutional and corporate clients worldwide.
Sector
financial
Industry
Banking
CEO
Ralph A. J. G. Hamers
Employees
71697
Website
Address
Bahnhofstrasse 45, Zurich, CH-8001, CH
MachinaScore
5
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
33.32$ (11.44% Upside)
33.32$ (11.44% Upside)
Blogger Sentiment
Neutral
UBS Sentiment 55.00000000000001%
Hedge Fund Trend
Very Positive
By 3.48M Shares Last Quarter.
Insider Transactions
Negative
Worth -3.28M over the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days
-0.01%
Last 30 Days -0.01%
Last 30 Days -0.01%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.26
Trailing 12-Months
Fundamentals
Return on Equity
17.26
Trailing 12-Months
Asset Growth
-7.02
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs acquitted of money laundering charges linked to bulgarian mafia
12:50 27.11.2024
swiss court acquits ubs in money laundering case linked to bulgarian mafia
Swiss Franc
Credit Suisse Real Estate Fund Siat
UBS
Julius Baer Gruppe AG
BGR
CHE
Evelin Banev
Show more
12:38 27.11.2024
credit suisse acquitted in cocaine cash laundering case by swiss court
12:27 27.11.2024
Credit Suisse acquitted of money laundering charges in cocaine case
12:26 27.11.2024
ubs acquitted in appeal over bulgarian mafia money laundering case
12:25 27.11.2024
UBS unveils renovated headquarters in Monaco enhancing client and employee experience
12:25 27.11.2024
ubs rates aroundtown neutral with target price of two euros
12:23 27.11.2024
credit suisse acquitted of money laundering charges in cocaine case
12:18 27.11.2024
credit suisse acquitted of money laundering charges in cocaine trafficking case
12:18 27.11.2024
credit suisse acquitted in cocaine cash laundering case appeal
12:15 27.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Hedge Funds & Private Equity
Supply Chain Management
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank RV Global PP
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Citigroup Inc.
SAP SE
BNP Paribas SA
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: