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Articles Posted in Scotia Bank

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The Puerto Rico Retirement System Sues UBS Over Municipal Bonds While 31 Investment Funds and Scotiabank Sue the Territory in Separate Lawsuits

According to Bloomberg, the retirement system of Puerto Rico has joined a lawsuit against UBS Financial Services, Inc. (UBS) for poor returns that the retirement system received on $3 billion the it borrowed on UBS’s recommendation. Six beneficiaries originally brought this Puerto Rico bond fraud case in 2011 against UBS…

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