Key facts: Tom Hayes sues UBS for $400M; UBS boosts Ping An stake
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Tom Hayes has initiated a lawsuit against UBS Group in the U.S., seeking over $400 million in damages, alleging he was unfairly labeled the 'evil mastermind' of the Libor rate-rigging scandal. Additionally, UBS has increased its stake in Ping An Insurance to 9.39% and raised its short position to 7.96%. Furthermore, UBS disclosed a reduction in its voting rights in Solvay SA to below 3% due to decreased indirect holdings.
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