UBS fined $387 million over Credit Suisse's mismanagement of Archegos collapse

• UBS was fined by U.S., UK, and Swiss regulators for Credit Suisse's risk management failures related to Archegos.
• Credit Suisse, now owned by UBS, incurred $5.5 billion in losses when Archegos collapsed in 2021.
• The Federal Reserve fined UBS $268.5 million for Credit Suisse's misconduct with Archegos.
• The UK's Prudential Regulation Authority fined UBS 87 million pounds over the matter.
• UBS says it will establish a "remediation office" and file progress reports to prevent similar losses.

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