Swiss banking giant UBS has been fined £8 million by the Financial Services Authority (FSA) - the third largest penalty ever handed out by the UK regulator. However, the fine would have been £10 million but the Swiss bank agreed to settle with the FSA at an early stage. The bank, which is Switzerland’s fourth largest, [...]

More: Swiss bank UBS fined £8m

What was the penalty charge for paying a big charging amount as a fine, i must say that you missed up the reason here.