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Champagne trader gets 7 years

Champagne

He used over £2 million of investors’ money to fund his lifestyle. He spent over £1 million in a casino, over £200,000 on designer watches and shoes, £60,000 on foreign travel, and over £600,000 in bars and nightclubs in London, Miami and New York.

UBS - no losses over Swiss franc

Trading Desk

UBS said on Friday it did not suffer any overall losses in its trading business after the Swiss National Bank's (SNB) decision last week to abandon its three-year-old cap on the franc.

Private equity firms said do better

Sec Building

Private equity firms, which three years ago became subject to oversight by the U.S. Securities and Exchange Commission, have fixed some of their worst deficiencies although their transparency could still improve, an SEC official said.

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Champagne

Champagne trader gets 7 years

He used over £2 million of investors’ money to fund his lifestyle. He spent over £1 million in a casino, over £200,000 on designer watches and shoes, £60,000 on foreign travel, and over £600,000 in bars and nightclubs in London, Miami and New York.

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