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>> UBS AG Latest News

MAR 31, 2014 - MarketWatch

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Swiss authorities probe 8 banks over forex rigging

LONDON (MarketWatch) -- Switzerland's competition commission has opened an investigation into possible collusion between banks to manipulate foreign-exchange rates, the commission said Monday. Weko's probe covers eight big banks in the U.K., the U.S. and Switzerland: UBS AG , Credit Suisse AG , Zuercher Kantonalbank, Julius Baer AG , J.P. Morgan Chase & Co. , Citigroup Inc. , Barclays PLC and Royal Bank of Scotland Group PLC . "There are indications that these banks have colluded to manipulate exchange rates in forex trading," Weko said in a statement. In response, Credit Suisse said it is ... Read More

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