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UBS Said In London 'Threat'

Writing A Letter

UBS Investment Bank CEO Carsten Kengeter is said to have written a 'confidential letter' to Jeremy Hunt, the British Secretary of State for Culture, Olympics, Media and Sport, warning that there would be 'serious consequences' for the bank and the City if the government adopted the recommendations of English Heritage, which suggested a few weeks back that part of the bank's Broadgate HQ building should be listed, putting paid to plans for redevelopment.