UBS looking to claw back bonuses from traders

No Pot Of Gold

UBS, among the six banks fined last week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders.

Reuters reports that a UBS spokeswoman confirmed a Financial Times report, which said UBS and four other banks were preparing to take back millions of dollars in bonuses from traders.

Regulators on Wednesday fined six major banks a total of $4.3bn for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation.

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UBS looking to take back bonuses from forex traders

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