Monday, April 25, 2011

UBS to split its business three ways

(ZURICH) Swiss bank UBS AG will separate its business into three autonomous units after it identified weaknesses in its integrated one-bank strategy, it said, after posting a worse- than-expected second quarter loss of around US$330 million.

Source: http://www.newsisfree.com/iclick/i,301541986,985,f/

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