CS / Credit Suisse shares hit record low as subscription rights dumped

UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival. more_horizontal

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in Mar more_horizontal

The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a more_horizontal

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 Ma more_horizontal

The U.S. Federal Reserve said Monday that UBS Group AG UBS, +1.13% must pay a total of $387 million for alleged misconduct related to $5.5 billion in more_horizontal

The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct more_horizontal

Credit Suisse will reportedly let go of a third of its investment bankers in London by the end of this month, according to reports. The bank, which is more_horizontal

Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of its China units, two people with direct knowle more_horizontal