UBS

UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."

The Swiss banking giant said a planned change to its yields on clients' uninvested cash will take a $50 million bite out of its net profits.

FINMA, the Swiss Financial Market Supervisory Authority, is tightening its scrutiny following the collapse of Credit Suisse last year.

Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.

UBS is reorganizing its global wealth management arm, pursuing aiming to bring more investment services to ultrarich clients.

UBS Group seeks to cement its position as top-five player among global limited partners by pooling private-markets offerings into one unit.

Management changes expected to help in CEO Ermotti's wealth management ambitions in the U.S.

UBS reportedly planning to appoint investment bank chief Rob Karofsky to lead its U.S. business, where he'd focus on expanding into the U.S. wealth market.

The plan comes as part of CEO Ermotti's goal of narrowing the distance between his firm and its U.S. wealth management rivals.

Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.