Volkswagen was among the most praised companies last week, as workers voted in favor of a collective agreement in Navarra (Spain), while its Swedish truck-maker affiliate announced more orders for its engines that meet tighter European emissions regulation. Volkswagen India…
Microsoft has been praised for expressing its willingness to disclose US government data queries and for launching ad-free Bing search for schools last week, while UBS received negative coverage as its French unit was fined 10m euros for failing to tighten…
UBS AG (UBSN) is in the process of rooting out “negative elements” of its corporate culture after Switzerland’s largest bank was fined $1.5 billion by regulators for trying to rig global interest rates, said Andrea Orcel, chief executive officer of…
The Justice Department has expanded its criminal investigation into foreign banks that sell offshore private banking services to include Credit Suisse and HSBC, according to people briefed on the matter. The investigation into the two European banks is an outgrowth…
A fresh writedown for UBS. An ethical writedown, that is. The below chart compiled by Covalance - an ethical research outfit. As you’ll notice, UBS - generally a poorly behaved child - has been very naughty since mid-April. (...) HSBC,…
Interactions of banks with governments are increasingly criticized in terms of ethics; meanwhile, environmental initiatives and philanthropic donations are the industry’s main positive news cows, states a report published today by Geneva-based ethical reputation research firm Covalence — Covalence Banking…
UBS AG is considering whether to reveal the names of up to 20,000 wealthy American clients as federal authorities intensify an investigation into offshore bank accounts, the New York Times said on Friday, citing people close to the inquiry. Federal…
Thousands of South Africans who suffered under apartheid won the right yesterday to sue a number of companies, including BP, Citigroup and Ford, for allegedly helping to perpetrate human rights abuses. The US Supreme Court ruled that three class actions…
UBS, a financial heavyweight from Switzerland, is facing scrutiny by civil society organisations for investing in a proposed coal mine in Bangladesh. The Phulbari coal mine, proposed by GCM Resources Plc, is set to cause major social and environmental upheavals…
Police detained 19 people Tuesday for allegedly taking part in a scheme to help large Brazilian companies evade taxes by laundering money through Swiss banks UBS AG and Credit Suisse Group and the U.S.-based American International Group Inc. The raids…
