Quotes About Ubs Bank
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Regulators in Britain, America and Switzerland fined six banks - HSBC, Royal Bank of Scotland, UBS, Bank of America, JPMorgan Chase and Citigroup - a total of $4.3 billion for manipulating foreign exchange markets. Britain's Financial Conduct Authority said that traders at the banks had colluded to rig important benchmark exchange rates between 2008 and 2013. ~ Anonymous
In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. ~ Tyler Cowen
