Perhaps the decision of the clients that closed their accounts "to show their dissatsifaction with that bank's management."
Was more influenced by the fact that UBS needed to write off $37 billion of its exposure to risky American sub-prime home loans, that came just a day after it offloaded $22 billion of its investment risk to BlackRock, the American money manager.
Just a thought, and an attempt to keep things in balance and perspective.
asian expansion plans take big hit, page-12
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