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Monday, October 20, 2014

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For the first time since offering a $20 million incentive to UBS in exchange for keeping 2,000 jobs in Stamford through the end of 2016, the governor publicly cast doubt Monday on the Swiss bank's ability to uphold its end of the bargain. UBS would be required to pay back the full $20 million forgiveable loan plus $1.5 million in interest if it fails to meet job benchmarks stipulated in the 2011 economic incentive package.

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