(Bloomberg) -- UBS Group AG wealth boss Iqbal Khan is working the phones and criss-crossing the globe to thwart the potential loss of top Credit Suisse Group AG bankers and clients as competitors seek to exploit the turmoil surrounding the Swiss lender.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidShort Seller Hindenburg Says ‘Another Big One’ Coming SoonCredit Suisse, UBS A
The DOJ also sent subpoenas to employees of some major U.S. banks, the Bloomberg report said, adding the Swiss banks were included in a wave of subpoenas sent before Credit Suisse's takeover by UBS. The DOJ inquiries are to identify which bank employees dealt with sanctioned clients and how those clients were vetted over past years, Bloomberg reported.
(Bloomberg) -- UBS Asset Management has hired Shamaila Khan as head of fixed income emerging markets and Asia Pacific starting April 1, according to an internal memo seen by Bloomberg.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidShort Seller Hindenburg Says ‘Another Big One’ Coming SoonCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeJPMorgan Sold $10 Million in