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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:05 EDTUBSUBS: Libor fixing had occurred for years, Independent reports
UBS (UBS) may have been manipulating Libor rates for "years," its former bosses have admitted, the Independent reports. Former CEO Marcel Rohner and other managers were accused of "incompetence and gross negligence" by members of the Parliamentary Commission on Banking Standards for failing to spot what they admitted was "stealing on a grand scale". Reference Link
News For UBS From The Last 14 Days
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September 1, 2015
19:36 EDTUBSUBS settles lawsuit related to sale of risky securities, BI says
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August 31, 2015
06:10 EDTUBSBanks lobby EU over privacy rules overhaul, FT reports
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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
06:23 EDTUBSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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