Swiss multinational investment bank and financial services company UBS AG has been fined £27,599,400 by the UK financial regulator the Financial Conduct Authority (FCA). The company failed relating to 135.8 million transaction reports between November 2007 and May 2017. Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: Firms must have proper systems…
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International derivatives marketplace CME Group Inc (NASDAQ:CME) and business information giant Thomson Reuters Corp (NYSE:TRI) have announced that Morgan Stanley (NYSE:MS) has joined the LBMA Silver Price as a new member. CME Group and Thomson Reuters operate the Silver Price. The financial services firm Morgan Stanley will be the seventh participant joining China Construction Bank, HSBC Bank…
Read more"If the DoJ does tear up the UBS agreement, it would mark the first time it has brought criminal charges against a bank that breached the terms of an NPA." - Financial Times
Read moreUBS AG's (NYSE:UBS) chief global currency strategist has left the Swiss bank as part of its efforts to cut costs and streamline operations, the Wall Street Journal reported yesterday, citing two people familiar with the matter. The Journal said Mansoor Mohi-uddin, who was based in Singapore, joined Swiss Bank Corp in 1998 as an emerging-markets…
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