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Laughing stock

15 March 2019 By Alec Macfarlane

UBS has been banned from leading market debuts for a year, and is part of a foursome paying $100 mln in fines for shoddy due diligence stretching back to 2009. As bourses fight to host a new wave of unproven startups, investors can take some extra comfort from the city’s aegis.

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