UBS to Face Fines Over Credit Suisse's Archegos Fiasco

UBS has inherited numerous cases following its acquisition of Credit Swiss, which has been negotiating with regulators over significant losses. Credit Swiss admitted to risk management failures, and penalties are expected from the Fed and UK authorities. UBS has set aside $4 billion for litigation costs and is prepared to handle these fines, though it remains to be seen if they will pursue appeals or settle the cases.

What event led to UBS inheriting cases from Credit Swiss?

• A partnership with HSBC

• A merger with Deutsche Bank

• The takeover of Credit Swiss

• The collapse of Lehman Brothers

Which countries' regulators were involved in negotiations with Credit Swiss?

• Switzerland, the US, and the UK

• Germany, France, and Italy

• Canada, Australia, and Japan

• India, China, and Russia

What is the approximate amount of penalties the US Federal Reserve is considering imposing?

• $300 million

• $100 million

• $200 million

• $400 million

How much has UBS set aside for litigation costs following the takeover?

• $5 billion

• $2 billion

• $3 billion

• $4 billion

What is one of the challenges UBS faces with the inherited cases from Credit Swiss?

• Finding new investors

• Hiring more employees

• Deciding whether to pursue appeals

• Expanding into new markets