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October 30, 2013
UBS Takes A $41 Million Trading Loss Due to Puerto Rican Funds

UBS AG released its third-quarter earnings report on Tuesday. UBS took a $20 million trading loss and $21 million in credit losses all related to loans that were backed by Puerto Rican municipal securities and related funds. UBS Financial Services Inc. of Puerto Rico, (UBS PR) is the subject of arbitration by investors who say […]

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