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Stock Market & Financial Investment News

News Breaks
June 23, 2014
07:34 EDTUBSUBS executive in Belgium charged for alleged role in tax fraud, FT says
The chief executive of UBSís Belgium unit, Marcel Bruehwiler, has been charged for his alleged involvement in a tax fraud scheme that is being investigated following a tip from a former UBS compliance officer turned whistleblower, said Financial Times on Friday. 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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August 13, 2015
17:37 EDTUBSEight banks agree to pay $2B to settle currency rigging suit, Reuters says
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