UBS embarks on its £11m legal fight against director of collapsed commodities trader March 12, 2024 UBS Switzerland’s £11m lawsuit against the director of a collapsed London-based commodities trader goes to trial. Anil Kumar was the director of London-based Vincom Commodities, a company that was placed into compulsory liquidation on 24 January 2018. The Swiss bank alleges that Kumar acted in breach of duty to Vincom by allowing it to enter [...]
UBS boss says bank is in ‘second phase’ of Credit Suisse merger that will ‘not change anything’ November 15, 2023 Ermotti is set to announce a strategy for the merged banks in February but is battling high costs as he winds down Credit Suisse’s unprofitable businesses while fully integrating its key Swiss banking unit.