UBS

    • UBS allows hybrid working for its staff

      UBS allows hybrid working for its staff

      The biggest Swiss bank UBS announced it had allowed staff to proceed with hybrid working which combines home working with time spend in offices, Reuters reported. "We are committed to offering our employees the flexibility for hybrid working where role, tasks and location allow," UBS said. "Hybrid work options will be introduced on a country-by-country basis, with timing dependent on the local pandemic situation."

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    • UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura and UBS were fined with a total of 371 euros by the EU antitrust regulator over illegal agreements, linked to fixed income securities, Reuters reported. According to the EU regulator the three banks had a cartel agreement linked to trading with government bonds. UniCredit said it would appeal to the European Courts and UBS said it was considering doing so. Nomura, which was also fined, was not immediately available for comment.

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    • World's billionaires get richer during the pandemic, study shows

      World's billionaires get richer during the pandemic, study shows

      The coronavirus pandemic has made the super-rich around the globe even richer, according to a study by consulting firm PwC and the major Swiss bank UBS, cited by dpa. At the end of July, the total assets of the world's more than 2,000 billionaires had risen to a record level of around 0.2 trillion dollars, the analysis, published on Wednesday, shows. This level surpasses the previous peak of 8.9 trillion dollars, reached at the end of 2017.

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