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UBS hit with New York auction-rate security suit

New York State Attorney General Andrew Cuomo Thursday brought a multi-billion dollar civil lawsuit against the Swiss banking giant UBS for allegedly pushing everyday investors into buying troubled auction-rate securities.

It is interesting to observe that UBS seems to have removed its videoclip on CSR from its website.

Read press release
Read UB complaint

10:20 Posted in Switzerland | Permalink | Comments (0)

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