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Old 18.01.2009, 15:43
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Re: Funny: UBS and Bank Secrecy

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Let's say, a source close to the matter told me that they are seriously considering an exit..... especially now, as they are also reconsidering the i-banking activities it might make sense to combine an i-banking exit with an exit from the NA market and only focus on offshore banking for American clients. However, as I said that was some time ago - not sure what the latest thinking is around that.

on the other hand they will continue to be free to lose their ass trading American assets on the American market...
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