The Swiss bank is co-operating with investigations by the SEC and the Commodity Futures Trading Commission ‘regarding compliance with records preservation requirements relating to business communications sent over unapproved electronic messaging channels’, it said in its earnings report. — Bloomberg
UBS AG signalled that it’s part of a broad probe by US regulators into messaging by bank employees that’s likely to saddle lenders with fines of about US$1bil (RM4.45bil).
The Swiss bank is co-operating with investigations by the Securities and Exchange Commission and the Commodity Futures Trading Commission “regarding compliance with records preservation requirements relating to business communications sent over unapproved electronic messaging channels”, it said in its earnings report on Tuesday.
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