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(UBRA.DE)

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  • Reuters

    Dutch prosecutors to investigate UBS chief over ING money laundering case

    ZURICH/AMSTERDAM (Reuters) -A Dutch court on Wednesday ordered a criminal investigation into the role UBS Chief Executive Ralph Hamers played in ING Group's failure to crack down on money laundering when he was head of the Dutch bank. The investigation comes only a month after Hamers became head of UBS, the world's largest wealth manager, at a time when it is trying to move on from a legacy of costly court cases over money laundering and tax evasion. The Swiss bank said Hamers would stay in his role while prosecutors conducted their investigation and that extensive due diligence, including an independent assessment of the Dutch anti-money laundering issues, had been conducted before he was hired.

  • Yahoo Finance UK

    What to watch: Reckitt peaks on cleaning demand, UBS surges on strong growth and BMW's cash flow sends shares up

    Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad.