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Stock Market & Financial Investment News

News Breaks
February 12, 2013
06:23 EDTAIG, UBSUBS fined GBP9.45M for failings in sale of an AIG fund
The Financial Services Authority has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (AIG). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund. UBS agreed to settle at an early stage entitling it to a 30% discount on its fine. Were it not for this discount, the FSA would have imposed a financial penalty of GBP13.5M on UBS. Reference Link
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April 23, 2014
10:37 EDTAIGILFC and Azul Brazilian Arilines sign agreement to lease aircraft
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