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Bank of America Corp (BAC.N), Barclays Plc (BARC.L), Citigroup Inc (C.N), Credit Suisse Group AG (CSGN.S), Deutsche Bank AG (DBKGn.DE), Goldman Sachs Group Inc (GS.N), HSBC Holdings Plc (HSBA.L), JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and Royal Bank of Scotland Group Plc (RBS.L) previously settled. U.S. officials faulted UBS for having a business culture that placed a higher priority on profits than full disclosure to investors, who were deprived of crucial information about the quality of the loans underlying the securities they bought cufflinks macy’s uk sale.
Thursday’s lawsuit quoted a UBS trader who in a 2006 instant message said “our crack due diligence effort is a joke,” and a UBS mortgage employee who the same year complained to his bosses about the bank’s ethics, including that “Lying is ok.”. Like UBS, Barclays had also resisted settling prior to being sued by the Justice Department. That case ended in March with a $2 billion settlement. UBS was among the banks hardest hit in the financial crisis, and has said it lost more than $45 billion after the U.S cufflinks macy’s uk sale. housing market collapsed..
It was not immediately clear how much UBS has set aside for the U.S. case, though analysts said it might be more than half the 1.2 billion Swiss francs ($1.20 billion) it has reserved for so-called non-core legal risks cufflinks macy’s uk sale. UBS is also fighting charges by investigators in France that it helped wealthy clients avoid taxes in that country, and turned down a 1.1 billion euro ($1.25 billion) settlement offer, judicial sources have said. Shares of UBS closed up 1.3 percent in European trading earlier on Thursday. The U.S. lawsuit was made public after markets closed in that country..
(Reuters) – Walt Disney Co (DIS.N) results beat Wall Street estimates on Thursday thanks to summer crowds that swarmed into its theme parks and filled theaters showing Marvel movie “Ant-Man and the Wasp.”. The family entertainment company also revealed plans for a new “Star Wars” video series for its forthcoming streaming service, that it has named Disney+ and plans to launch late next year, aiming to make up for the continuing loss of subscribers from ESPN and other cable networks cufflinks macy’s uk sale.
Disney is trying to transform itself into a broad-based digital entertainment company as audiences move to Netflix Inc (NFLX.O), Alphabet Inc’s (GOOGL.O) YouTube and other digital options. It is on the verge of gaining new film and television properties in a $71.3 billion purchase of assets from Twenty-First Century Fox Inc (FOXA.O). Overall revenue in the quarter rose 12 percent to $14.3 billion, above analysts’ average estimate of $13.73 billion. Net income climbed 33 percent to $2.3 billion and adjusted earnings per share of $1.48 for beat analysts’ consensus of $1.34, according to IBES data from Refinitiv cufflinks macy’s uk sale.