FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
The Financial Industry Regulatory Authority (FINRA) has slammed another fine on New York-based securities broker, UBS Securities (UBS-S). This time the self-regulatory organization hit the firm, which is the brokerage arm of Swiss banking group, UBS, with a censure order and fine of $475,000 for publishing “inaccurate” monthly statistics on execution Execution Execution is the […]
UBS Posts Net Profit of $7.6 Billion in 2022
UBS, a Swiss global investment bank, posted a net profit of US$7.6 billion in 2022 despite “difficult macroeconomic and geopolitical environment.” The Swiss financial services company also reported a profit before task (PBT) of US$9.6 billion and a diluted earnings per share (EPS) of US$2.25 during the past year. UBS disclosed these figures on Tuesday […]