The chairman of the US Senate Judiciary Committee criticized UBS Group AG for not doing enough to investigate new leads into Credit Suisse’s involvement with Nazi accounts, adding to pressure on the Swiss bank over the sensitive issue.
UBS Group AG won dismissal of a money-laundering case it inherited from its troubled former rival Credit Suisse linked to the so-called Mozambique tuna-bond scandal.
A worker guides a crane as it loads tuna from a fishing boat into a container at the Port of Manta, Ecuador on November 8, 2025. From the former U.S. military base in Manta, only empty rooms remain without windows, covered in dust and weeds. The possible return of a similar detachment divides Ecuadorians between the challenge of confronting drug trafficking and the fear of reopening old wounds from past abuses. (Photo by MARCOS PIN / AFP) (Photo by MARCOS PIN/AFP via Getty Images) Photographer: MARCOS PIN/AFP
UBS Group AG says it won’t hand over a stash of privileged documents for a probe into Credit Suisse’s handling of Nazi-linked accounts after failing to win assurances that doing so wouldn’t expose it to new financial claims.
Swiss finance minister Karin Keller-Sutter has filed a criminal complaint after being insulted with vulgar and sexist speech by Grok, the AI chatbot featured on Elon Musk’s social media platform X.
Tucked under the arcade at 49 Marktgasse in Bern’s historic city center is an opaque glass entranceway with a small sign identifying it as a branch of UBS Group AG, one of hundreds across Switzerland.
A logo at a UBS Group AG bank branch in Zurich, Switzerland, on Wednesday, Feb. 4, 2026. UBS Group AG posted profit which beat expectations in the fourth quarter, as the bank announced a $3 billion buyback program for 2026 with the potential for more.
A US delegation is set to discuss nuclear weapons with Chinese counterparts in Geneva this week as the Trump administration attempts to start a new round of arms control talks with both Russia and China.
A second day of US-brokered meetings in Geneva between Russia and Ukraine broke up after barely 90 minutes as Ukrainian President Volodymyr Zelenskiy accused Moscow of attempting to prolong the process.
Secretary of the National Security and Defence Council of Ukraine Rustem Umerov, right, leaves the Intercontinental hotel as a new round of talks between Russian, Ukrainian and US negotiators aimed at finding a solution to four years of fighting in Ukraine, takes place in Geneva on Feb. 17.
The World Economic Forum has opened a probe into Chief Executive Officer Borge Brende over his ties to convicted pedophile Jeffrey Epstein after evidence of meetings between the two men emerged in the US Department of Justice’s massive release of documents over the weekend.
Borge Brende, president of the World Economic Forum (WEF), during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 17, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Hollie Adams/Bloomberg
Members of a US Senate committee tore into UBS Group AG executives for refusing to hand over more than 150 documents that an investigator has requested that could shed light on the history of Credit Suisse accounts tied to Nazi Germany, as tensions flared again around a 1998 settlement in the case.
US Senator Ron Wyden asked for a detailed account of Donald Trump’s acceptance of a Rolex table clock and one-kilogram gold bar from Swiss businessmen shortly before the president slashed tariffs he previously imposed on Switzerland.
US President Donald Trump in the Oval Office on Nov. 12. The Rolex table clock is visible on his desk. Photographer: Brendan Smialowski/AFP/Getty Images
The Trump administration pledged $2 billion to what it said is an overhauled, more efficient United Nations humanitarian fund, in a contribution that is a fraction of what it paid in past years.
Workers unload humanitarian aid packages provided by the United Nations Children's Fund (UNICEF) and the World Food Programme (WFP) to residents of the predominantly Christian village of Qlayaa in southern Lebanon on October 15, 2024. Israel expanded operations in Lebanon nearly a year after Hezbollah began exchanging fire in support of its ally, Hamas, following the Palestinian group's deadly attack on Israel on October 7, 2023. (Photo by AFP) (Photo by -/AFP via Getty Images)
Swiss prosecutors charged Credit Suisse with failing to prevent suspected money laundering of suspicious service fees linked to loans the lender offered Mozambique to build a fishing fleet in what became the tuna-bond scandal.
President Donald Trump’s proposed Nov. 27 deadline to secure Ukraine’s support for a US-backed peace plan isn’t set in stone and could drift into the following week, US Secretary of State Marco Rubio said, suggesting that plenty of work remains.
Rubio, fourth left, and Witkoff, third left, meet with the Ukrainian delegation in Geneva on Nov. 23.