The Fed and Bank of England fined UBS on Monday over Credit Suisse’s failure ‘to adequately manage’ the risk posed by US family investment fund Archegos. Swiss regulators pushed UBS to take over former rival Credit Suisse earlier this year.
UBS fined US$387 million over Credit Suisse misconduct, US Federal Reserve says
RELATED ARTICLES
China-EU summit: Beijing open to discuss trade disputes in pursuit of ‘strategic trust’, analysts say
US Republican presidential debate: Nikki Haley targeted, rivals tussle over China
