UBS Group AG (UBS)

UBS gives Hong Kong staff COVID quarantine cash -memo

UBS Group AG has offered its Hong Kong staff up to HK$2000 ($256.45) a day to help cover mandatory hotel quarantine costs as the city maintains some of the strictest COVID restrictions in the world. A UBS spokesperson in Hong Kong confirmed the contents of the memo. Hong Kong requires 21-day compulsory hotel quarantine for arrivals from most countries which is paid for by the traveller.

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  Hong Kong loses shine amid tough coronavirus restrictions

  Associated Press
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  A Cathay Pacific pilot says he's spent nearly 150 days in COVID-19 quarantine in 2021, according to a report

  Business Insider

UBS Swiss arm proposes veteran Ronner as chairman

UBS Switzerland, the domestic arm of UBS Group, will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April 2022, the companies said on Monday. Ronner will succeed Lukas Gähwiler, who has been nominated as the vice chairman of UBS Group AG. Ronner, a 30-year UBS veteran, has helped implement a new regulatory and governance structure at UBS.

Barclays, HSBC & Others Fined by EU Over Forex Trading Cartel

EU regulators fine Barclays (BCS), Credit Suisse (CS), HSBC and NatWest (NWG) for rigging foreign exchange markets. Since UBS Group (UBS) has revealed the misconduct, it has been saved from the fine.