Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  UBS Group    UBSG   CH0244767585

UBS GROUP

(UBSG)
  Report  
Delayed Quote. Delayed Swiss Exchange - 06/14 11:31:44 am
11.52 CHF   -1.16%
06/14NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
06/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
06/14UBS puts economist on leave in growing China pig row
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

UBS : investigates second sexual assault claim by ex junior trader-sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2018 | 12:00pm EDT
Christmas decorations are seen at the building of Swiss bank UBS in Zurich

LONDON (Reuters) - UBS is investigating a second accusation of sexual assault made by a former junior trader who said the Swiss bank had failed to deal appropriately with a previous, separate rape allegation, two sources told Reuters. UBS began a review in July into how it handled the former employee's initial allegation that she was raped in September 2017 by a senior colleague, the sources, who have direct knowledge of the matter, said.

As part of that review, the bank is investigating claims by the woman that she was also groped almost a month before by another employee, a managing director, the sources said. UBS has hired an external law firm to help with the investigation, the sources said. "Our ongoing review covers all the allegations made. We remain confident in our policies and processes for handling such matters, but until the review is finalised it wouldn't be appropriate to comment any further," a UBS spokeswoman said. The woman and the senior employee accused of raping her have since left UBS. The woman said she made a police complaint about the alleged rape. London's Metropolitan Police confirmed they were investigating the incident. UBS declined to provide information on the former employee accused of rape. Reuters attempted to contact the individual via social media but was unable to get a response.

The managing director accused of groping still works for the bank. In an email, he referred Reuters questions to his lawyers. His lawyers said he denied the allegations. "He denies the underlying allegation in the strongest possible terms, and considers such conduct abhorrent, and was not aware there was any investigation until today," the law firm representing him, Himsworth Scott, said in an email to Reuters on Oct. 10. "Our client is limited in his ability to respond to the underlying allegation by virtue of his duties of confidentiality to his employer, however suffice to say there are robust grounds on which he will demonstrate the implausibility of the allegation and his supportive relationship with the junior trader concerned." A global push for greater exposure and prosecution of sexual misconduct followed a wave of allegations which began to emerge last year in the global film and entertainment industry, spawning the high-profile #MeToo movement in its wake. Relatively few financial services workers have gone public with allegations of sexual crimes. The former UBS trader, who now works for another bank and declined to be named, alleges she was touched inappropriately by the managing director at an evening event in August, weeks before her alleged rape. She told Reuters she did not report the groping incident at the time because she felt it was a less serious transgression and she feared reprisal at work. "I chose not to report it because the retaliation would have been unbearable, and I wanted them to take my main assault more seriously," she said. The woman said UBS allowed the man she accuses of rape to work in close proximity to her for almost a month after she reported the allegation. The bank then suspended him pending investigation, but the woman said it failed to complete its investigation before he resigned in March. UBS has "a zero tolerance" policy on sexual misconduct and harassment and immediately investigates all allegations, the spokeswoman said. "Our first priority is always to support our people and provide a safe environment to report any misconduct. Following significant cases, we conduct a review and if there are opportunities to strengthen our procedures we do so," she said. The ex-employee has shared her complaints with the Financial Conduct Authority, Britain's financial services watchdog. The FCA did not immediately respond to a request for comment.

(Editing by Nick Tattersall and Silvia Aloisi)

By Sinead Cruise

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UBS GROUP
06/14NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
06/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
06/14UBS puts economist on leave in growing China pig row
RE
06/14UBS Economist Put on Leave After 'Chinese Pig' Comment
DJ
06/14UBS suspends economist amid row over his Chinese pig comment
RE
06/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
06/14UBS Economist's 'Chinese Pig' Comment Hits a Nerve -- Update
DJ
06/14China Securities Association tells members not to quote UBS economist
RE
06/14NEWS HIGHLIGHTS : Top Company News of the Day
DJ
06/14NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
More news
Financials (CHF)
Sales 2019 29 544 M
EBIT 2019 5 854 M
Net income 2019 4 261 M
Debt 2019 -
Yield 2019 6,34%
P/E ratio 2019 10,10
P/E ratio 2020 8,61
Capi. / Sales 2019 1,52x
Capi. / Sales 2020 1,47x
Capitalization 44 881 M
Chart UBS GROUP
Duration : Period :
UBS Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UBS GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 15,2  CHF
Spread / Average Target 31%
EPS Revisions
Managers
NameTitle
Sergio P. Ermotti Group Chief Executive Officer
Axel A. Weber Chairman
Sabine Keller-Busse Group Chief Operating Officer
Kirt Gardner Group Chief Financial Officer
Michel Demaré Independent Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
UBS GROUP-5.84%44 210
BLACKROCK INC13.78%64 884
BANK OF NEW YORK MELLON (THE)-5.48%41 221
CHINA CINDA ASSET MANAGEMENT CO LTD-7.85%24 407
STATE STREET CORPORATION-12.22%20 897
AMERIPRISE FINANCIAL INC.45.20%18 851