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Hera U. Smith

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ubs faces scrutiny over investments in sanctioned chinese defense firms

UBS is facing scrutiny for its investments in Chinese companies linked to US sanctions, specifically in a fighter aircraft manufacturer and a surveillance technology provider implicated in the persecution of the Uyghur minority. Despite divesting from these firms, UBS"s joint ventures continue to hold significant stakes, raising reputational risks amid increasing geopolitical tensions. The bank maintains that its operations comply with US laws, allowing trading of these securities outside the US.
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United States Dollar UBS HSBC Hikvision CHN USA Beat Schmid Hera U. Smith Show more
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10:37 20.11.2024
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