Singapore fines UBS $8 million over deceptive bond trades

SINGAPORE (Reuters) - Singapore said on Thursday it had fined UBS S$11.2 million (£6.44 million) after investigations showed the Swiss bank deceived wealthy clients over prices for bonds and structured products. The Monetary Authority of Singapore (MAS) said UBS had reported certain malpractices by client advisors in Hong Kong and Singapore in 2016. "The conduct of UBS through its representatives is unacceptable and has no place in the financial services industry where trust and integrity are..