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Home>UBS Fined $47.6 Million, Faces Higher Capital Level on Loss

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UBS Fined $47.6 Million, Faces Higher Capital Level on Loss

UBS AG was fined 29.7 million pounds ($47.6 million) by the U.K. and told by the Swiss that it may have to increase capital levels for operational risks as regulators levied penalties after Kweku Adoboli's $2.3 billion trading loss.

11/26/2012

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