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UBS to pay $1.4bn to settle fraud claims from 2008 crisis

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Swiss bank UBS has agreed to pay $1.4bn (£1.1bn) to resolve fraud claims in the US stemming from the 2008 financial crisis. It brings to a close the last case brought by US prosecutors investigating banks' conduct in the run-up to the crash, which sparked a global downturn. Prosecutors said…

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