UBS latest to receive Government financial assistance

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UBS latest to receive Government financial assistance

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10-16-2008, 03:48 PM

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UBS latest to receive Government financial assistance

Swiss banking giant, UBS, is the latest European bank to receive help from its Government, in a bid to reduce the risk to the bank’s balance sheet.The Swiss bank is raising $5.3 billion (£3 billion) from the Government, who will take a 9.3% stake in the bank. Meanwhile, it will be able to transfer up [...]

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