Key facts: A federal judge dismissed all claims in the antitrust case against UBS Group and other banks over alleged Libor rate manipulation, citing insufficient evidence after 14 years of litigation.
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- A federal judge dismissed all claims in the antitrust case against UBS Group and other banks over alleged Libor rate manipulation, citing insufficient evidence after 14 years of litigation.1
- FINMA stated that UBS Group's crisis plan meets banking rules but needs improvement for better execution and integration, especially after recent regulatory changes post-Credit Suisse acquisition.2
- UBS Group announced on April 1 plans to reduce its workforce in Italy by cutting 180 jobs, which accounts for approximately one-third of its total employees in the country.3