Italy’s deputy prime minister calls for windfall tax on banks; Swiss lawmakers delay vote on tougher UBS capital rules
Italy’s deputy prime minister Matteo Salvini has proposed a three-year levy on the country’s 10 largest banks as…
HSBC H1 profit rises 23% to $19.5bn; FinCen imposes record $125mn penalty on UBS
Today’s need-to-know storiesHSBC first-half profit rises 23% to $19.5bn HSBC has reported a 23 per cent rise in…
UBS plans $3bn buyback on higher-than-expected profits; Standard Chartered sees 9% profit rise
Today’s need-to-know storiesUBS plans $3bn buyback on higher-than-expected profits UBS has launched a fresh $3bn buyback after reporting…
JPMorgan blocks Anthropic access for Hong Kong staff; Basel rules could hurt Treasury liquidity, says Wall Street
JPMorgan staff in Hong Kong have been blocked from accessing Anthropic’s AI models. The bank’s staff can no…
Swiss lawmakers consider new UBS capital rules; FCA’s motor finance bill exceeds £20mn
Swiss lawmakers are considering a new pitch to soften capital requirements for UBS. The new proposals could shave…
France probes HSBC Swiss bank over Lebanon scandal; UBS and HSBC pull back on China trips
HSBC’s Swiss private bank has been placed under formal investigation by French prosecutors over claims it helped former…
Hong Kong overtakes Switzerland as top offshore wealth hub; SocGen investors to vote on 45% pay rise for CEO Krupa
Today’s need-to-know storiesHong Kong overtakes Switzerland as top offshore wealth hub Hong Kong has overtaken Switzerland as the…
UBS ‘withholding documents’ from Credit Suisse Nazi-era probe; FSB warns on private credit links
Today’s need-to-know storiesUBS ‘withholding documents’ from Credit Suisse Nazi-era probe UBS is withholding more than 22,000 pages of…
UBS profits up 80% as Credit Suisse integration nears end; Lloyds profits rise 33% despite Middle East uncertainty
Today’s need-to-know storiesUBS profits up 80% as Credit Suisse integration nears end UBS posted a first-quarter net profit…
Switzerland advances proposed $20bn UBS capital increase; Goldman agrees settlement in lawsuit tied to 1MDB scandal
Today’s need-to-know storiesSwitzerland advances proposed $20bn UBS capital increase The Swiss government is standing firm on proposals for…
Swiss lawmakers urge UBS to curb lobbying over capital reforms; Russia challenges EU over €300bn asset freeze
UBS has been told by Swiss lawmakers to scale back its lobbying efforts and reduce chief executive Sergio…
Barclays blocked MFS transactions months before collapse; UBS board weighs extending Ermotti’s term, say reports
Today’s need-to-know storiesBarclays blocked MFS transactions months before collapse Barclays began blocking transactions linked to Market Financial Solutions…