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UBS Dec 2024 20.000 put
- Reuters
Swiss price regulator puts UBS under observation
ZURICH (Reuters) -Switzerland's consumer pricing watchdog has put UBS under observation following its takeover of Credit Suisse, the regulator said on Thursday, amid concerns that the market power of the enlarged lender could lead to higher loan charges. The supervisor had met with financial market regulator FINMA, competition authority ComCo and the Swiss National Bank to discuss consequences of the takeover, it said in a statement. UBS on Monday said it had completed the merger of its domestic unit with Credit Suisse's operations in its home market.
- Reuters
State Street replaces UBS as custodian bank for Swiss government fund
U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS, authorities said on Wednesday. The decision to hand the AHV/IV/EO fund to State Street was made in December after a two-year tender process and the transfer should be completed by the end of this year, according to Compenswiss, a federal body managing the public pension fund. The fund is worth more than 40 billion Swiss francs ($44.48 billion), and according to Swiss newspaper Tages-Anzeiger had been with UBS for 26 years.
- Business Wire
UBS Advisor David Schachter Named to the Forbes Best-In-State Wealth Advisors list
LOS ANGELES, July 02, 2024--UBS Wealth Management USA announced today that David Schachter, a Financial Advisor in the firm’s Los Angeles Market, has been named to the Forbes Best-in-State Wealth Advisors list for 2024.
