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UBS faces millions in penalties over Credit Suisse’s $5.5bn Archegos debacle
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fnlondon.comCredit Suisse’s relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.
Hundreds of millions in potential penalties could come just days after UBS completed its acquisition of its beleaguered Swiss rival in a landmark deal backed by the Swiss government, the Financial Times reported.
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