- UBS agrees to pay approximately CHF 1.4 billion1 in fines and disgorgement to US, UK and Swiss authorities to resolve LIBOR-related investigations.
- As part of a proposed agreement with the US Department of Justice (DoJ), UBS Securities Japan Co. Ltd. (UBSSJ) has agreed to enter a plea to one count of wire fraud relating to the manipulation of certain benchmark interest rates, including Yen LIBOR.
- UBS is making progress in risk-weighted assets (RWA) reduction in the fourth quarter and expects its fully applied Basel III common equity tier 1 ratio to be roughly in line with the third quarter's level of 9.3%2 and net new money in UBS’s wealth management businesses is expected to be positive. UBS believes its fourth quarter net profit attributable to shareholders will show a loss, primarily as a result of provisions for litigation and regulatory matters.
- UBS has been proactive in improving its processes and procedures in order to ensure that the misconduct identified in its core markets does not occur again.