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Paul Morjanoff

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activists push for UBS exclusion from US pension fund management

Activists, led by economist James S. Henry, are urging the US Department of Labor to revoke UBS's license to manage pension fund assets due to its extensive history of financial crimes, including $20 billion in fines. The scrutiny intensified following UBS's acquisition of Credit Suisse, which also has a troubled record. A rejection of UBS's exemption application could significantly impact the bank's operations in the world's largest pension market.
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United States Dollar Credit Suisse Anlagestiftung UBS SA USA DEU Beat Schmid James S. Henry Paul Morjanoff Show more
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09:06 15.10.2024
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