People

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.

WSJ Logo
Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It