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Swiss regulator investigates UBS

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Swiss regulator investigates UBS

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The Swiss stock exchange regulator is looking into possible breaches of market rules by bank UBS.

At issue is information the bank published about its fiscal health during the financial crisis which could have affected share prices. UBS suffered huge losses from its investments in the US sub-prime mortgage market. It has been trying to rebuild its reputation after the US government accused it of helping American clients evade tax.