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In a dramatic step, the U.S. Treasury Department on Thursday said it's proposing to sever a Swiss bank from the U.S. financial system over its alleged illicit ties to Russia and Iran.
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"The money is not currently in a bank account and it is not part of an estate."
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Shares of Urban Outfitters were flat after hours on Wednesday, after the clothing retailer reported fourth-quarter results that beat estimates, helped by a turnaround at its namesake stores.
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