PNG to seek damages on UBS loan deal

PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3 billion) loan deal, says Papua New Guinea Prime Minister James Marape. He said

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Time for UBS to come clean on PNG loan

Swiss investment bank, UBS, needs to lift the transparency around how the sovereign lending sausage it sold to the PNG government was made, and what it earned from making it. UBS can respond in one of two ways to the

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PNG K3billion UBS loan report released

Papua New Guinea Prime Minister James Marape says those implicated in the controversial K3 billion UBS loan will be criminally

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UBS Inquiry: Loan losses quantified

Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland (UBS) in 2014, far more than earlier thought, the UBS Inquiry has heard. Current Prime Minister, James

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Loan losses quantified as PNG Inquiry prepares to release report

Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland in 2014, far more than earlier

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