UBS still needs to get rid of investment bank

April 15, 2015 4:15 PM

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LONDON/ZURICH, April 15 (Reuters) - Activist investor Knight Vinke said UBS needs to "radically" shrink and should look at spinning off or merging its investment bank, stepping up its criticism of the Swiss bank.

Knight Vinke has been calling for change at UBS for two years, saying its investment bank is unviable and should be spun off so the bank can focus on its wealth and asset management businesses.

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