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UBS Sued for $500 Million by Chinese Tycoon Over Deal Gone Awry

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Guo Wengui, a wealthy Chinese businessman with close ties to Steve Bannon, stepped up his fight to claim $500 million from UBS Group AG that he lost after the bank called in a margin loan. Guo, who’s lived in exile in New York for more than five years, sued UBS…

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Click here to read the full story: Bloomberg

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