Posted inBanking and Financial Institutions Credit Suisse Group AG Fines (Penalties) Regulation and Deregulation of Industry UBS AG
UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess
The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the investment firm Archegos in 2021.