UBS has whistleblower deal in Brazil currency investigation: paper

Waning moon is seen behind a logo of Swiss bank UBS in ZurichSAO PAULO (Reuters) – Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involves 15 of the world's largest banks, began following the presentation of evidence by UBS, Valor Economico reported, without naming its sources. A UBS press representative did not immediately respond to a request for comment. …



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China hunts for ‘manipulators’ as stocks tumble

An investor walks past as information displayed on an electronic screen at a brokerage house in ShanghaiChinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at "clues of illegal manipulation across markets". After market close, a CSRC spokesman said China would cut initial public offerings and capital raisings and support long-term investors entering the market to help stabilize prices.



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