trending Market Intelligence /marketintelligence/en/news-insights/trending/J4ObrKNCwkDVGto-2GGCkg2 content esgSubNav
In This List

UBS to reimburse wealth clients in Hong Kong, Singapore it may have overcharged

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration


UBS to reimburse wealth clients in Hong Kong, Singapore it may have overcharged

UBS Group AG said it plans to reimburse wealth management clients in Hong Kong and Singapore it may have overcharged.

The Swiss bank said in its third-quarter earnings results it had identified and reported to relevant authorities instances in which some global wealth management clients in Hong Kong and Singapore were charged "inappropriate spreads" on debt securities between 2008 and 2015.

UBS expects reprimands and fines imposed by relevant authorities.