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Forex market is 'wild west' as abuse probes begin

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The foreign exchange (FX) market is a 'wild west' open to rigging, but regulators are becoming sharper as the spotlight is turned on the sector, the vice president of NASDAQ stock exchange's market surveillance team told CNBC.

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UBS to relocate heads of investment banking

UBS will shift the heads of its onshore China investment-banking unit from Beijing to Hong Kong, while its offshore advisory head for the country Jiang Guorong will move in the opposite direction, as the bank tries to more closely integrate its Chinese businesses.