You are here

UBS CEO says working to settle litigation cases

ZurichUBS070515.jpg
UBS is working hard to settle litigation cases and hopes to give a further update soon, the Swiss bank's chief executive will tell investors at an annual shareholder meeting on Thursday.

[ZURICH] UBS is working hard to settle litigation cases and hopes to give a further update soon, the Swiss bank's chief executive will tell investors at an annual shareholder meeting on Thursday.

"We are working intensively on finding the best possible solutions to a number of important pending cases in the near future, and hope that we will be able to say more on this soon," Chief Executive Sergio Ermotti will tell the bank's annual general meeting, according to prepared remarks.

Zurich-based UBS said on Tuesday it is in advanced talks with the US Department of Justice to settle allegations of foreign exchange market rigging.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom