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Fortune
Fortune
Chloe Taylor

RARE PHOTOS: Ubs agrees 1 4 billion settlement over role in 2008 financial crisis | Rare Historical Photos

(Credit: Chris Hondros—Getty Images)

Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis.

The European banking giant has agreed to the settlement in order to prevent a lawsuit relating to its U.S. activity in the run-up to the crash more than a decade ago making it to court.

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