LONDON — Britain’s Financial Services Authority fined UBS $47.5 million on Monday for failing to prevent a $2.3 billion loss caused by a former trader.
The fine was one of the largest penalties ever issued by the British regulator.
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LONDON — Britain’s Financial Services Authority fined UBS $47.5 million on Monday for failing to prevent a $2.3 billion loss caused by a former trader.
The fine was one of the largest penalties ever issued by the British regulator.
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