😱 Is the Financial Crisis of 2020 coming back with a vengeance? 🤔

in #financialcrisis2020 • last year

UBS, the Swiss international investment bank, is facing a $387 million penalties from authorities in the United States and the United Kingdom for the alleged misbehaviour of its affiliate Credit Suisse. Credit Suisse botched transactions with Archegos Capital Management, a now-defunct hedge firm. As a result, the punishment was imposed.
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#creditdebacle #ubs #archegos #thenexthint
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