Bloomberg UBS Group AG was sued by a couple who said the Swiss bank should not have disclosed the wife’s account information to the Internal Revenue Service (IRS) because she was not a US. citizen. Jonathan and Esther Zuhovitsky said in a suit filed in Manhattan federal court that they endured an intense audit as result of the disclosure ...

  Bloomberg Credit Suisse Group AG has started a probe into Chairman Antonio Horta-Osorio over his recent breach of Swiss quarantine rules, Finews reported, citing two people with knowledge of the matter. Romeo Cerutti, the bank’s top lawyer, is overseeing the probe, according to Finews, which added that it was unclear who initiated the proceedings. Board discussions on the matter ...

  Bloomberg The Philippine peso dropped beyond 51 per dollar for the first time since April 2020 amid speculation the nation’s trade deficit will widen as domestic demand improves. The peso falls as much as 0.5% to 51.27, the weakest level since March 2020. The currency is the worst performer in emerging Asia over the past month with a loss ...