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Boardroom clash fuelled Grübel exit: analysts

Oswald Grübel's resignation as head of UBS over the weekend had less to do with a trading scandal than with a clash with the board on the role of investment banking to the business, analysts said on Monday.

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Riots in Basel at weekend, Zurich quiet

Police clashed with up to 150 rioters in a square outside Basel city centre at the weekend, while Zurich remained calm despite fears that there could be violence for the third weekend in a row.