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UBS to buy back stricken debt securities

BOSTON (Reuters) - Swiss bank UBS (UBSN.VX: ) has agreed to buy back $19.4 billion (10.1 billion pounds) of debt securities whose value collapsed during the global financial crisis, and to pay $150 million in fines to settle charges that it misled investors, a Massachusetts official said on Friday, The bank's settlement with state and federal regulators in the United States followed an announcement on Thursday that... [read full story]                    

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