The United States is investigating Russian clients taken on by UBS in its acquisition of Credit Suisse, raising concerns about one of the world’s largest wealth managers. The inquiry by OFAC underscores the challenges of integrating Credit Suisse, a struggling bank purchased by UBS, and the implications for Switzerland in managing Russian funds. This development highlights the significant scrutiny and potential consequences for both UBS and Switzerland in overseeing Russian money.
Full Article
Man killed and second seriously injured in Birmingham shooting
One man was killed and another seriously injured in a shooting in Birmingham, with officers called to Rotton Park Road just before 11pm on Friday. A man in his thirties was found injured at a bus stop and is in critical condition, while another man in his twenties was pronounced dead at the scene. A man in his thirties has been arrested on suspicion of murder and remains in custody, as police continue to investigate...
Read more