![Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently acquired subsidiary, Credit Suisse. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4FHWLPWJ7TGBOHNHFQ3AMGWJYE.jpg?smart=true&auth=27869b0f1c5ffdcf6cdddb59d0afbc76960eeb083468db800ab22921a2568cb2&width=400&height=225)
Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently acquired subsidiary, Credit Suisse. AFP
Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently acquired subsidiary, Credit Suisse. AFP
UBS to pay nearly $400m for Credit Suisse misconduct
Fines imposed by US Federal Reserve and Bank of England are first imposed on Swiss banking giant since takeover