Even as many English speakers viewed the phrasing as innocuous, it set off a firestorm on Chinese social media.
The woman also alleges UBS breached its own internal rules by delaying disciplinary action against the employee.
Bank of America and Standard Chartered were also fined, the Securities and Futures Commission said in a statement.
The high-profile case is seen as a test of mounting scrutiny of IPO practices in a city where helping firms list is big business for banks.
Singapore will become the fourth FX trading engine location for Citi.
Shares of the Dow component fell 3.3% in pre-market trading.
UBS's French subsidiary was also fined 15 million euros for complicity.
UBS' net income for 2018 as a whole was up by 25% from the previous year.
A growing US economy and low recession risk may provide opportunities for the Fed to ratchet up borrowing costs.
Speculation about a possible merger has continued despite the bank's dismissal in September.
The Swiss bank allegedly misled investors about the quality of billions of dollars in low-quality mortgages that were the basis of 40 derivatives deals.
The meeting also comes as UBS has been building up its presence in China.
UBS is also suspected of helping clients launder undeclared money, an allegation that can lead to fines of as much as half the amount of the funds stashed offshore.
After a six-year investigation, judges last year charged the bank and its French subsidiary of laundering proceeds from tax fraud carried out from 2004 to 2012, allegations the bank has denied.
The event is designed to stamp the UBS brand on the minds of the next generation of the ultra-wealthy—in essence, to hook them while they’re young.
Other wealth managers have raised their thresholds in recent years.
Relocating does not mean a clean break from the UK tax system, may impact wills, insurance.
Yeo is expected to join RHB in the newly-created role in August.
UBS has been a leading sponsor of IPOs for each of the past 10 years, sponsoring 10% of all companies that have listed on Hong Kong's main board over that period.
A case against UBS was closed recently and the bank, Switzerland’s largest, was reprimanded with no further action to be taken, according to Finma.
The latest round of job cuts at the Swiss bank will be mostly mid-level staff but will also include a few managing directors, said the people, declining to be identified due to the sensitivity of the issue.
Sementara itu penguasa kewangan Swiss berkata siasatan terhadap bank terbesar Switzerland, UBS, berkaitan dengan 1MDB masih berjalan