UBS

UBS is a multinational investment bank and financial services company headquartered in Switzerland. It recently acquired Credit Suisse. UBS is newsworthy due to several factors. Firstly, Swiss prosecutors have filed charges against both Credit Suisse and UBS related to the 'tuna bonds' scandal, a long-running case involving loans that severely impacted Mozambique's economy. The charges include money laundering and implicate a former Credit Suisse employee. Secondly, UBS is mentioned as an advisor, alongside Goldman Sachs, to Diageo, the owner of Guinness and Johnnie Walker, which is reportedly considering selling its Chinese assets. This highlights UBS's involvement in significant corporate restructuring and strategic reviews. These events underscore UBS's continued presence in global finance and the legal and ethical challenges it faces, particularly in the aftermath of acquiring Credit Suisse and inheriting its liabilities.