Page 1565 


UBS Looks At All Investor Suggestions

Light Bulb

UBS is always looking at all shareholder suggestions, CEO Sergio Ermotti said Friday, a day after investor Knight Vinke Asset Management called for a spinoff of the firm’s investment bank.

Eurozone Recession Expected To Deepen

European Flag

The eurozone's recession will be even deeper than previously feared this year, the European commission has warned, as it slashed its outlook for crisis-stricken Cyprus and downgraded the prospects of the bloc's biggest economies.