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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