These days, relations between the Swiss government and UBS are as cold as the La Brévine valley in December.
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A major American institutional investor is planning to join a lawsuit that says Switzerland’s time to pay up is long overdue.
UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.
The Zurich-based bank joins a growing list of wealth management’s elite, including JPMorgan and Goldman, to focus on the wealthiest investors.