|Bid||15.68 x 0|
|Ask||15.30 x 0|
|Day's range||15.10 - 15.49|
|52-week range||13.10 - 19.90|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||7.35|
|Earnings date||26 Jul 2022|
|Forward dividend & yield||0.47 (3.05%)|
|Ex-dividend date||12 Apr 2022|
|1y target est||21.50|
(Bloomberg) -- UBS Group AG agreed to pay the US Securities and Exchange Commission $25 million in penalties to settle allegations that some its advisers recommended a complex investment strategy involving options that may not have been in their clients’ best interest.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinVenice Plans to Start Weeding Out Cheap TouristsFauci Suffers Covid Symptom Rebound After Course of P
Wealth manager and banking group UBS will pay $25 million to settle fraud charges relating to an options trading strategy, the U.S. Securities and Exchange Commission (SEC) said on Wednesday. UBS marketed and sold the "Yield Enhancement Strategy (YES)" to about 600 investors through its platform of domestic financial advisers from February 2016 through February 2017, the SEC said, adding its order found that UBS did not provide its financial advisers with adequate training and oversight in the strategy. Although UBS recognized and documented the possibility of significant risk in those investments, it failed to share this data with advisers or clients, the SEC said in a statement.
UBS will adjust the fees it charges clients on Swiss franc deposits from July 1 to mirror the Swiss National Bank's (SNB) new policy rate of -0.25%, the bank said on Wednesday. The change applies to private as well as corporate and institutional clients. UBS previously charged corporate and institutional clients, as well as private clients above a certain deposit threshold, a 0.75% fee on Swiss franc deposits, in line with the SNB's previous policy rate.