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Archive Home > 2008 > August > 09 > UBS settles $18.6B auction-rate case

UBS settles $18.6B auction-rate case


August 9, 2008

NEW YORK — Swiss banking giant UBS AG agreed Friday to buy back $18.6 billion in auction-rate securities from investors, a day after Citigroup Inc. reached a similar settlement with regulators for $7 billion as part of a wide-ranging investigation into the collapse of the market for....

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