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Amid DOJ Bank Charges, UBS Gets Good and Bad News | Corporate Counsel

Federal prosecutors on Wednesday continued sending mixed messages to financial institutions: On one hand, they charged five parent banks with criminal felonies and reached plea deals setting record penalties. On the other hand, no individual was charged; no one went to jail; and the banks are back doing business as usual.

At the center of it all, receiving both a pat on the head and a kick in the pants, was UBS A.G., the Zurich-based bank.

via Amid DOJ Bank Charges, UBS Gets Good and Bad News | Corporate Counsel.

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