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UK regulator demands answers from UBS over rape claim

Swiss bank has been accused of mishandling a former female graduate trainee’s claims of sexual assault

UK regulator demands answers from UBS over rape claim
Photo: Ben Phillips

The UK financial watchdog has begun an advanced investigation into the alleged rape of a former female graduate at UBS, who has accused the Swiss bank of seriously mishandling her claims of sexual assault.

Financial Newsreported in August that the Financial Conduct Authority had begun a preliminary probe into the bank’s handling of the woman’s allegations, but the regulator has now demanded greater action from UBS.

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