Breaking: UBS To Pay US Fed $268.5 Mln Fine Over Credit Suisse Misconduct

The US Federal Reserve Board on Monday announced levying of a $268.5 million penalty against UBS, over misconduct by Credit Suisse that dates back to 2021. Earlier in March 2023, the UBS Group acquired Credit Suisse. The United States central bank said the bank’s misconduct involved Credit Suisse’s unsafe counterparty credit risk management practices with

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