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UK Fines UBS AG $15 Million For Failings In AIG Fund Sale-Reuters

Tuesday, 12 Feb 2013 07:46am EST 

Reuters reported that UBS AG has been fined GBP9.45 million ($14.8 million) by Britain's financial regulator for exposing customers to unacceptable risk when it sold an AIG investment fund in the latest blow to the Swiss bank's battered reputation. The Financial Services Authority (FSA) said on Tuesday the bank also failed to deal properly with customer complaints about the AIG fund sale. 

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