UBS agrees to pay $388 million over Credit Suisse's Archegos failings

www.reuters.com

UBS agrees to pay $388 million over Credit Suisse's Archegos failings

www.reuters.com

BrikoXM to

Global NewsEnglish · 2 years ago

UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Management, the Swiss bank said on Monday.

You must log in or register to comment.

Chat

Global News

globalnews

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

What is global news?

Something that happened or was uncovered recently anywhere in the world. It doesn’t have to have global implications. Just has to be informative in some way.

Post guidelines

Title format

Post title should mirror the news source title.

URL format

Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.

[Opinion] prefix

Opinion (op-ed) articles must use [Opinion] prefix before the title.

Country prefix

Country prefix can be added tothe title with a separator (|, :, etc.) where title is not clear enough from which country the news is coming from.

Rules

1. English only

Title and associated content has to be in English.

2. No social media posts

Avoid all social media posts. Try searching for a source that has a written article or transcription on the subject.

3. Respectful communication

All communication has to be respectful of differing opinions, viewpoints, and experiences.

4. Inclusivity

Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.

5. Ad hominem attacks

Any kind of personal attacks are expressly forbidden. If you can’t argue your position without attacking a person’s character, you already lost the argument.

6. Off-topic tangents

Stay on topic. Keep it relevant.

7. Instance rules may apply

If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.

Companion communities

[email protected] - International and local legal news.
[email protected] - Technology, social media platforms, informational technologies and tech policy.
[email protected] - Fascinating articles, captivating images, satisfying videos, interesting projects, stunning research and more.
[email protected] - News and information about Europe.

Icon generated via LLM model | Banner attribution

If someone is interested in moderating this community, message @[email protected].

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

787 users / day
1.96K users / week
4.46K users / month
9.61K users / 6 months
303 local subscribers
3.25K subscribers
7.61K Posts
19.3K Comments
Modlog

mods:
BrikoX