UBS fined again for overcharging wealthy clients

Pedro Gonçalves
clock • 1 min read

The Monetary Authority of Singapore (MAS) has slapped a $8m civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore. The biggest Swiss bank and leading private bank in Asia overcharged its clients for transactions with derivatives and bonds. The transactions criticized by MAS took place from 2008 through 2017. "The conduct of UBS through its representatives is unacceptable and has no place in the financial services industry where trust and integrity are par...

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