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UBS Exiting Unpromising, Risky Business

Apr 16, 2009

Disappointing words from UBS CEO Oswald Grubel in a pre-announcement on Q1 results are accompanied by vague and ominous talk of getting out of some areas as the bank targets further cost-saving. “UBS will exit high-risk and unpromising businesses. The bank is currently conducting a review to make clear decisions about which businesses it will remain...

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