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Trading Desk

UBS - no losses over Swiss franc

UBS said on Friday it did not suffer any overall losses in its trading business after the Swiss National Bank's (SNB) decision last week to abandon its three-year-old cap on the franc.

Sec Building

Private equity firms said do better

Private equity firms, which three years ago became subject to oversight by the U.S. Securities and Exchange Commission, have fixed some of their worst deficiencies although their transparency could still improve, an SEC official said.