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Morgan Stanley, UBS among banks being hauled up over US Treasuries

They have been subpoenaed as part of a criminal probe into possible manipulation of the US$14 trillion market

Washington

FEDERAL prosecutors have subpoenaed several banks as part of a criminal investigation into possible manipulation of the US Treasuries market, according to people familiar with the matter.

UBS Group AG, BNP Paribas SA and the Royal Bank of Scotland Group Plc (RBS)

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