ZURICH/LONDON (Reuters) - UBS is nearing a settlement in the coming days with regulators in Switzerland and Britain for control failures that led to a $2.3 billion (1.4 billion pounds) rogue trading loss, a person familiar with the matter said on Thursday.
The Swiss bank has finished its discussions with Finma, the Swiss regulator, and is finalizing a settlement with Britain's Financial Services Authority (FSA), the source said. The two regulators then plan to make a joint announcement.
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