Gruebel glum as withdrawals curb UBS recovery
China Daily | Updated: 2009-08-26 07:54
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A reversal in withdrawals will probably lag behind a financial turnaround at the bank, said UBS CEO Oswald Gruebel. Bloomberg News |
ZURICH: In 24 hours UBS AG settled a six-month tax dispute with the United States and freed itself from partial ownership by the Swiss government. Investors applauded, sending the shares up 11 percent in Zurich trading.
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