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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

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UBS plans to relocate investment bank operations

Posted by RJ and Makay on May 28, 2011

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In an effort to placate local regulators, Swiss financial giant UBS AG plans to separate its investment bank and incorporate it outside of Switzerland. The move could alleviate Swiss regulator concerns of another possible bailout should the bank face another severe crisis, the Wall Street Journal reported, citing insiders familiar with the matter.