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UBS to pay $387m in Credit Suisse-linked Archegos Capital fines

Image of UBS building with "UBS" in large writing and "Credit Suisse" in smaller lettering below it.
Photo: Arnd Wiegmann/Getty Images

Julie DiMauro

1 min read
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UBS has been ordered to pay British and US regulators over Credit Suisse’s dealings with private investment firm Archegos Capital Management.

UBS has agreed to pay US and UK banking regulators around $390m in fines related to the investment firm Archegos Capital Management, whose collapse greatly affected Credit Suisse, a rival it acquired earlier this year.

The Federal Reserve’s fine was $268.5m; the UK Prudential Regulation Authority (PRA) imposed a

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