Reuters - UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.
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BING NEWS:
- UBS Reorganizes U.S. Wealth Management Unit in Effort to Improve Margins
UBS is reorganizing its U.S. wealth management unit, a move that comes as the Swiss bank looks to grow the business and improve profit margins. Starting Jan. 1, UBS’ U.S. field management structure ...
12/12/2024 - 7:10 am | View Link - UBS Reorganizes U.S. Wealth Management Unit in Growth Push
UBS Group AG made organizational changes to its wealth-management unit in the U.S. as it seeks to lift profitability in a market that’s central for its growth plans. The structure of wealth advisors ...
12/12/2024 - 2:17 am | View Link - UBS reshapes U.S. wealth unit in effort to lift profitability
UBS Group restructures U.S. wealth management to drive profitability, adds new client segments and expands banking presence.
12/10/2024 - 3:53 am | View Link - UBS Extends Its U.S. Wealth Arm to Serve More Than Just the Ultrarich
Chasing higher margins, and rivals, the bank’s U.S. boss is making a move for more clients and banking services.
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