UBS AG

Sumitomo Corp. filed a lawsuit against the bank relating to copper market transactions between 1995 and 1996. In 1996, Sumitomo's head copper trader Yasuo Hamanaka admitted running up losses of $2.6 billion in 10 years of unauthorized trading. UBS has agreed to pay Sumitomo an $86 million settlement related to the scandal. (Apr-07-06) [MARKET WATCH]

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