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UBS buys back StabFund

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by Matthew Allen, swissinfo.ch

November 8, 2013 – 09:22

Swiss bank UBS has paid $3.762 billion (CHF3.44 billion) to buy back the stabilisation fund (StabFund) set up five years ago to bail it out during the financial crisis, the Swiss National Bank (SNB) announced on Friday.
The rescue of UBS and the winding up of the StabFund ends...

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