Friday, June 19, 2026

UBS

August 14, 2023

Multinational investment bank UBS fined $1.4 billion for fraud in selling residential mortgage-backed securities

UBS will pay the United States $1,435,000,000 in civil penalties in exchange for dismissal of the complaint filed in the action.

UBS AG, Chair Colm Kelleher, Vice-Chair Lukas Gähwiler
March 20, 2023

UBS to buy distressed rival bank Credit Suisse

It may be the biggest restructuring of the global banking sector since the 2008 financial crisis when rivals acquired defunct financial powerhouses to stop calamitous collapses.

UBS and Credit Suisse used to illustrate the story