US scrutinizes Russia accounts UBS took over from Credit Suisse
The United States is pursuing an inquiry into Russian clients that UBS took on when it bought Credit Suisse, three […] The post US scrutinizes Russia accounts UBS took over from Credit Suisse appeared first on Reuters News Agency.
The United States is pursuing an inquiry into Russian clients that UBS took on when it bought Credit Suisse, three people familiar with the matter told Reuters, heightening scrutiny of one of the world’s biggest wealth managers.
Why it matters
The news of the inquiry by the globe’s most powerful sanctions enforcer OFAC highlighted the perils of integrating Credit Suisse, a bank that foundered more than a year ago and was bought by UBS, and the high stakes for Switzerland for overseeing Russian money.
The post US scrutinizes Russia accounts UBS took over from Credit Suisse appeared first on Reuters News Agency.
