Goldman, UBS Join Celebrities in Australia Wildfire Relief
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Some of the world’s biggest investment banks are deploying their financial muscle to help Australia cope with deadly wildfires, joining a growing list of companies and celebrities who have donated tens of millions of dollars to disaster relief.
UBS Group AG’s Australia unit plans to pass on all cash equity commissions the bank makes on Australian trades on Feb. 12, according to an internal memo circulated this week and seen by Bloomberg News. The money will be donated to the Australian Red Cross Disaster Relief and Recovery fund.