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UBS settles 'cr.p' lawsuit

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UBS avoided a trial with an agreement to settle a lawsuit in which it was accused of peddling 'crap' securities during the 2007 financial crisis.

Argentina plays hardball with HSBC

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Argentina’s central bank revoked the licenses of two top executives at HSBC’s local unit, including the chief executive officer, arguing they had failed to prevent clients from laundering funds and evading taxes.

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Reuters - Citigroup to boost equities

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans.

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Day trader says he made $34m during market panic Monday

While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34m.

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Rubbish Bins

UBS settles 'cr.p' lawsuit

UBS avoided a trial with an agreement to settle a lawsuit in which it was accused of peddling 'crap' securities during the 2007 financial crisis.