Tag: UBS AG (SWX:UBSN)

ICO fraud
January 29, 2018 BY LeapRate Staff

Spoofing and Commodities Fraud charges lead to $46 million in fines for Deutsche Bank, HSBC and UBS

The U.S. Commodity Futures Trading Commission today announced, in conjunction with the Department of Justice and Federal Bureau of Investigation’s Criminal Investigative Division, criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes. What is spoofing? Spoofing is the practice of bidding or offering with the intent to…

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FX settlement
November 20, 2017 BY LeapRate Staff

UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel

The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…

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June 28, 2016 BY LeapRate Staff

Plus500 adds Nomura executive Penny Judd to its Board of Directors

FCA-regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) has announced some changes to its Board of Directors. The company added seasoned compliance executive Penny Judd as a non-executive director. Judd is currently EMEA Head of Compliance in the London office of Japanese banking giant Nomura Holdings, Inc. (ADR) (NYSE:NMR), although she plans to step down from…

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November 03, 2015 BY Maria Nikolova

UBS names Axel Lehmann new Group Chief Operating Officer

UBS AG (SWX:UBSN) today announced a raft of changes to its Group Executive Board (GEB), the firm's most senior management body, and to its Board of Directors (BoD), including the appointments of new Group Chief Operating Officer and Group Chief Financial Officer. UBS appoints Axel P. Lehmann as its new group Chief Operating Officer. Mr…

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October 28, 2015 BY Maria Nikolova

James Staley resigns from all roles at UBS following Barclays move

James (Jes) Staley, who will become Group Chief Executive Officer (CEO) at Barclays PLC (LON:BARC) from December 1, 2015, has stepped down from all of his roles at UBS AG (SWX:UBSN). In an announcement today, UBS said that it accepted Mr Staley's resignation from all of his functions at the bank with immediate effect. The rationale…

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