UBS resolves RMBS matter with US Department of Justice
UBS has reached an agreement with the United States Department of Justice (DOJ)
Legal
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UBS to pay $1.4bn to settle fraud claims from 2008 crisis
The bank had previously sought to have the case dismissed, saying prosecutors had not presented evidence of any intentional fraud.
Credit Suisse Shareholders File Suit in Zurich Court
More than 500 people are behind the lawsuit. Shareholders had suffered heavy losses when the bank was rescued by UBS in March.
New FCA rules create a challenge for wealth managers
New consumer duty regulations could bring significant upheaval
Finma License: «At times, the burden was very high»
But the road was long and rocky. «We started the Finma process in June 2022, so it took a total of almost 14 months,» Wicki told finews.com.
Greensill debacle could cost Swiss insurers hundreds of millions
This was after Greensill received no insurance cover for loans to companies and the major Swiss bank had to forcibly close its Greensill funds with assets of over 10 billion dollars.
Hong Kong shifting landscapes of philanthropy and how family plays a part in it
With so much wealth accumulated within the region, many HNWIs turn to philanthropy as a means to support causes and help communities in lack.
Boodle Hatfield achieves best financial results in its 300 year history
Over the last six years the firm has averaged an annual increase of 6% in revenue and a 12% increase in profit.
MAS seeks views on framework to combat potential money laundering at single-family offices in S’pore
To qualify for the proposed class exemption, SFOs must be incorporated in Singapore
Archegos: FINMA concludes proceedings against Credit Suisse
In the course of its enforcement proceedings, the Swiss Financial Market Supervisory Authority FINMA found that Credit Suisse had seriously and systematically violated financial market law in the context of its business relationship with the Archegos family office. FINMA is ordering corrective measures from its legal successor, UBS. In addition, FINMA has opened […]
Gibson Dunn Recognized in Chambers High Net Worth 2023
Gibson Dunn was recognized in the 2023 edition of Chambers High Net Worth, a guide to the leading lawyers and law firms for international private wealth. The firm was recognized with a top tier ranking in China: Private Wealth Disputes. Hong Kong partners Brian Gilchrist and Elaine Chen were recognized in the China: Private […]