UBS Group AG settled a lawsuit brought by a former trainee in London who said she was raped by a senior employee, according to her attorney.
The Swiss lender agreed to settle the claim after the trainee, who was identified in court documents as Ms. A, alleged that UBS failed to protect her and that its investigation of her complaint was flawed. The female graduate, who worked on the trading floor, had also told former UBS investment-banking head Andrea Orcel of the "sexualized atmosphere" on the desk.
