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UBS Loses EU Fight Over Credit Suisse’s Role in ‘Sterling Lads’
18 Articles
18 Articles
After the takeover of the former Swiss bank Credit Suisse, UBS now has to pay for its legacy: Credit Suisse's illegal agreements mean that almost EUR 29 million will be fined in the EU.
The acquisition of Credit Suisse is more expensive than expected for the large bank UBS. Because of its legacy, it has to pay a million penalty.
Credit Suisse’s Fine Slashed in EU’s Foreign Exchange Probe
(Bloomberg) -- UBS Group AG lost the crux of its case against European Union regulators over Credit Suisse Group AG’s involvement in a foreign-exchange price fixing cartel — but defeat was sweetened after judges slashed the fine by nearly two-thirds.
UBS Loses EU Fight Over Credit Suisse’s Role in ‘Sterling Lads’
UBS Group AG lost the crux of its case against European Union regulators over Credit Suisse Group AG’s involvement in a foreign-exchange trading cartel — but defeat was sweetened after judges slashed the fine by nearly two-thirds.
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