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.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help