UBS Fined $47.6M, Faces Higher Capital Level

UBS Fined $47.6M, Faces Higher Capital Level Play

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 in response to Kweku Adoboli’s $2.3 billion trading loss.

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