Updated Tuesday, June 18, 2013 as of 7:18 PM ET
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UBS Fined $47.6 Million, Faces Higher Capital Level on Loss
Elena Logutenkova and Matthias Wabl
UBS AG was fined 29.7 million pounds ($47.6 million) by the U.K. and told by the Swiss that it may have to increase capital levels for operational risks as regulators levied penalties after Kweku Adoboli’s $2.3 billion trading loss.
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