UBS Fined About $48 Million Over Work on Hong Kong IPOs
A workman, suspend from wires, take down a UBS Group AG logo from their old offices at Broadgate circle in London. (Photographer: Chris Ratcliffe/Bloomberg)

UBS Fined About $48 Million Over Work on Hong Kong IPOs

(Bloomberg) -- UBS Group AG has agreed to pay about HK$375 million ($48 million) to settle allegations by Hong Kong’s securities regulator that it mismanaged three initial public offerings in the c...
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