At least one investor backs plan to break up UBS: report
Apr.06, 2008 in
Market Outlook
NEW YORK (MarketWatch) — At least one UBS AG investor might back a plan to break
up and sell the Swiss bank, the U.K. Independent On Sunday said. Ethos, a Swiss
corporate governance foundation which owns a small stake in UBS, is reported to
be willing to back a breakup, the newspaper said without citing sources. Last
week, former UBS President Luqman Arnold wrote a letter to the bank suggesting a
possible sale.
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