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SWITZERLAND/
RTR1XMX5
February 27, 2008
Swiss bank UBS shareholders attend a voting session as they attend the extraordinary general meeting...
Basel, Switzerland
Swiss bank UBS shareholders attend a voting session as they attend the extraordinary general meeting...
Swiss bank UBS shareholders attend a voting session as they attend the extraordinary general meeting of the bank in Basel February 27, 2008. UBS Chairman Marcel Ospel, braving investor fury over huge subprime losses, said it was "absolutely necessary" for shareholders to back a 13 billion Swiss franc ($11.94 billion) capital injection from Singapore and an unidentified Middle East investor. Shareholders voted down a motion by advocacy group Ethos for a special audit to establish how UBS, which was reputed to have one of the best risk management systems in the financial industry, got bogged down in the subprime quagmire.
REUTERS/Pascal Lauener (SWITZERLAND)
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