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Friday, September 18, 2009

Swiss Stock Exchange Probes UBS

ZURICH -- The Swiss exchange said Friday it has opened an investigation into UBS AG for possible breaches of disclosure beginning in 2007, when it started reporting massive write-downs, and on the corporate governance portion of bank's 2008 annual report.

The investigation, which UBS declined to comment on, will continue for an indefinite period, the SIX Swiss Exchange said. Findings will be made public at a later date, the bourse said.

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