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UBS fined S$11.2m in Singapore; HK$400m in HK

MAS slaps it with civil penalty over deceptive trades; HK authorities fine it for overcharging 5,000 clients

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The Monetary Authority of Singapore (MAS) has slapped a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

Singapore

THE Monetary Authority of Singapore (MAS) has slapped a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

This comes just four days after UBS was fined HK$400 million (S$69.6 million) in Hong Kong for overcharging some 5...

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