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Discover Latest #Bank News, Articles and Videos with Contenting
The latest news on Bank from the WSJ MoneyBeat Blog. Up-to-the-minute news and analysis on deals, markets and finance around the world. UBS to Pay $230 Million to Settle Interest-Rate-Rigging Case UBS has agreed to pay $230 million to settle a long-running civil lawsuit accusing the bank of rigging benchmark interest rates.
Dominique Gerster: «Every Mistake Costs Reputation»
Whether in banking or technology, publicly listed companies are almost constantly entangled in civil, regulatory, and sometimes even criminal proceedings. When these cases play out in the media, the consequences often extend far beyond the legal realm. How can companies mitigate the risks? In his article for finews.first, Dominique Gerster provides some answers.
Laurent Gagnebin: «We Acquired a Record Amount of New Assets»
Rothschild & Co Bank in Zurich recently opened an office in Dubai and sees tremendous opportunities there. Nevertheless, Switzerland remains an important location: «If there is a suitable wealth manager for acquisition, we will certainly give it serious consideration,» CEO Laurent Gagnebin reveals in an interview with finews.com.
UBS: Uncertainty Surrounding Legal Risks
UBS is embroiled in multiple high-stakes legal battles worldwide, primarily linked to its Wealth Management division and the takeover of Credit Suisse. These cases, spanning from historical tax evasion allegations to client disputes, significantly impact the bank’s financial exposure.