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Stock Market & Financial Investment News

News Breaks
March 27, 2014
07:50 EDTUBSUBS forex probe gains traction, six more suspended, FT says
UBS has suspended three foreign exchange traders in New York, two in Zurich and one in Singapore as part of its ongoing internal probe into alleged rigging of currency benchmarks, said Financial Times, citing two people close to the situation. Reference Link
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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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