FED - Federal Reserve

Federal Reserve Board fines UBS $268.5 million for misconduct by Credit Suisse, which UBS subsequently acquired in June 2022. Jointly, the PRA imposes record fine of £87m on Credit Suisse for serious risk management and governance failures in connection with Archegos Capital Management exposure.


Published on Jul. 23th, 2023 Published on Jul. 23th, 2023

To read more operational risk news, register for free on MSTAR Platform.

Register for free