SEC threatens UBS in HealthSouth accounting scandal

Bank seals fourth wealth deal in a month

UBS, the Swiss financial services group, is facing civil charges from the Securities and Exchange Commission over possible violations relating to work its investment bank carried out for HealthSouth, the US healthcare group.

HealthSouth is subject to a $4.5bn (€3.36bn) accounting fraud investigation.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire