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UBS astounded

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The French division of UBS has been placed under formal investigation by French authorities and been asked to pay a $43.5m bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes.

Ex-Tullett broker released on bail in Libor case

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A former employee of the British brokerage firm Tullett Prebon Group made his first appearance in a London court on Tuesday in a criminal inquiry into the manipulation of a global benchmark interest rate, and he was released on bail.

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