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Global News portalRITHOLTZ: WHY DOES UBS STILL EMPLOY PHIL GRAMM?
Last week, UBS declared a 2nd Quarter expiration “due to restructuring charges.” The banking colossus is upbringing $3.45 1000000000 in a hit sale.
Partly owned by the land polity (for eld preceding to the crisis, if module serves), UBS was digit of the large losers in the business crisis. After a Brobdingnagian treatment into riskiest businesses at the extreme of the market, they hit had precipitous losses and large write-downs. Since then, they hit ordered soured tens of thousands of workers. (Aside from UBS’ set problems).
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