1. Newsroom
  2. UBP signs non-prosecution agreement with the US DoJ
Menu
Press Releases 06.01.2016

UBP signs non-prosecution agreement with the US DoJ

UBP signs non-prosecution agreement with the US DoJ

Union Bancaire Privée (“UBP”) has announced that it has reached a non-prosecution agreement (“NPA”) with the US Department of Justice (“DOJ”) as part of its tax regularisation programme. This agreement brings an end to the process that began in 2013 in which UBP filed as a Category 2 bank.

The amount of USD 187,767,000 that UBP will pay to the US authorities will be entirely funded by the provision initially taken and by an allocation of a portion of the Bank’s 2015 net profit.

This resolution has no effect on the Tier 1 ratio of UBP, which remains one of the most well capitalised banks in Switzerland.

Following this transaction, UBP intends to focus entirely on developing its asset management services to private and institutional clients, as well as on its expansion in Asia.

Expertise

Swiss & Global Equities

Why Swiss equities now? This market offers equity investors the stability and agility they need to navigate this volatile period. 

Read more
Expertise

European Equities

European equities offer unrivalled opportunities in terms of breadth of sector and market exposure.

Read more

Most read

Press Releases 04.11.2020

UBP launches a global fintech strategy

Union Bancaire Privée, UBP SA (UBP) announced today the launch of a new global equity strategy investing in a wide range of areas of the fintech industry.

Press Releases 17.07.2020

First half-year results 2020

Union Bancaire Privée announces a net profit of CHF 107.6 million for the first half of 2020

Press Releases 24.06.2020

New absolute return strategy on UBP's alternative UCITS platform

UBP has enhanced its alternative UCITS platform with a new absolute return strategy launched in partnership with Baltimore-based alternative investment manager Campbell & Company Investment Adviser LLC.


Further reading

Press Releases 04.11.2020

UBP launches a global fintech strategy

Union Bancaire Privée, UBP SA (UBP) announced today the launch of a new global equity strategy investing in a wide range of areas of the fintech industry.

Press Releases 17.07.2020

First half-year results 2020

Union Bancaire Privée announces a net profit of CHF 107.6 million for the first half of 2020