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The wirehouse will consider the move if “conditions remain as they are or grow worse,” CEO Sergio Ermotti says.
By Giles BroomMay 10 -
Swiss banks will on the whole meet the deadline for delivering information on offshore accounts to the U.S., improving their chances of settling with the Justice Department this year.
By Giles BroomJuly 31 -
UBS, Switzerland's biggest bank, leapfrogged Morgan Stanley and Bank of America to become the world's largest wealth manager by client assets, according to a ranking compiled by PAM Insight SA.
By Giles BroomJune 12 -
Thirteen Swiss banks face rising stakes in their own criminal probes after Credit Suisse Group set a new standard for punishment in the U.S. crackdown on offshore tax evasion.
May 27