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U.S. scrutiny of Barclays and UBS widens forex trading probe: FT
Reuters: The U.S. Department of Justice is examining currency-linked investments offered by Barclays (BARC.L) and UBS (UBSG.VX), the Financial Times reported on Sunday.
The agency is looking into whether the two banks sold so-called structured products without disclosing the profit they were making from currency trades used to generate the products' returns, according to the FT report, which cited people familiar with the investigation.
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