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Pressure on UBS Chairman to step down

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02-22-2008, 04:04 PM

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Pressure on UBS Chairman to step down

Swiss investment bank UBS has been sounding out some of Europe’s top bankers to join its board of directors and ultimately replace the Swiss bank’s long-serving chairman Marcel Ospel.The search reflects the mounting pressure on Mr Ospel to step down, when the bank slumped to a full-year loss last year after write-downs linked to the [...]

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