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UBS Drops

Fees for global investment banking services, from M&A advisory to capital markets underwriting, totalled $57.7bn for the first nine months of 2010, a 9% increase over last year at this time.

French Government Said Wanted SocGen To Agree To Takeover

The Financial Times reports that, according to a book soon to be released by the former head of Societe Generale's head of corporate communications, the French goverment exerted pressure on the bank, in the immediate aftermath of the Jerome Kerviel trading scandal, to agree to be taken over by rival BNP Paribas.