US scrutinizes Russia accounts UBS took over from Credit Suisse

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    US scrutinizes Russia accounts UBS took over from Credit Suisse


    The United States is pursuing an inquiry into Russian clients that UBS took on when it bought Credit Suisse, three people familiar with the matter told Reuters, heightening scrutiny of one of the world’s biggest wealth managers. 

    Why it matters 

    The news of the inquiry by the globe’s most powerful sanctions enforcer OFAC highlighted the perils of integrating Credit Suisse, a bank that foundered more than a year ago and was bought by UBS, and the high stakes for Switzerland for overseeing Russian money. 

    Article Tags

    Topics of Interest: Business & Finance

    Type: Reuters Best

    Sectors: Business & FinanceFinancial Services

    Regions: AmericasEurope

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Important Regional Story



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