UBS wants to cut state ties as it aims for return to health in a year

Article reports that UBS aims to cut its ties with the Swiss government by buying its way out of a 'bad bank' deal and to return to health in a year, says Oswald Grübel, chief executive, September 2009, who has likened its battering in the financial crisis to a '15-round boxing match'.

ESO: Background information: Talk grows over Swiss plan to sell UBS stake http://www.europeansources.info/record/talk-grows-over-swiss-plan-to-sell-ubs-stake/

Website: Swiss Financial Market Supervisory Authority (FINMA) http://www.finma.ch/e/Pages/default.aspx

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