UBS To Incur Hundreds Of Millions Of Dollars Penalties From Credit Suisse's Archegos Failures: Report
Portfolio Pulse from Akanksha Bakshi
UBS Group AG may face hundreds of millions of dollars in penalties over Credit Suisse's mishandling of Archegos Capital after Swiss, U.S., and U.K. regulators completed their investigations. The Federal Reserve's fine may be up to $300 million, while the Prudential Regulation Authority's penalty might be up to £100 million.
June 20, 2023 | 12:19 pm
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UBS may face significant penalties over Credit Suisse's Archegos mishandling, with potential fines from the Federal Reserve and the Prudential Regulation Authority.
The potential fines from the Federal Reserve and the Prudential Regulation Authority could negatively impact UBS's financial position in the short term, leading to a decrease in stock price.
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