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Swiss Banks Face a Lehman Probe

Watchdog Investigates the Methods Used To Sell Certain Structured Products

The Swiss banking regulator said it is looking into the manner in which structured products issued by U.S. investment bank Lehman Brothers Holdings Inc. were sold to clients at Swiss bank Credit Suisse Group and other companies.

A spokesman for the Swiss banking commission said the body is investigating whether clients were adequately informed about what they were buying when discussing the Lehman products with bank advisers.

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