Deutsche Bank’s shares and its riskiest bonds dropped the most since the Brexit vote yesterday after the lender said the US Justice Department is seeking $14bn (€12.55bn) to settle a probe tied to mortgage-backed securities, more money than the bank is willing to pay.
Sat, 17 Sep, 2016
UBS Group, among Swiss banks struggling to pull away from a past of helping clients dodge taxes, has said it has received an order from Swiss tax authorities to provide information related to a French request for assistance on tax matters.
Wed, 06 Jul, 2016
Deutsche Bank and UBS Group must pay taxes on two banker bonuses plans, the UK Supreme Court has ruled, saying the firms exploited loopholes to avoid payments in a decision that will affect a number of similar arrangements.
Thu, 10 Mar, 2016