Global banking giant UBS has been fined more than a quarter billion dollars for misconduct at Credit Suisse, its new subsidiary acquired in June. In a press release from the Board of Governors of the Federal Reserve, the Fed says the charges are centered on Credit Suisse’s “unsafe and unsound counterparty credit risk management practices” The post Trillion-Dollar Bank Pays $268,500,000 Fine Over ‘Unsafe and Unsound’ Risk Management Practices At Newly-Acquired Subsidiary appeared first on The Daily Hodl .
