UBS shares hit new low on U.S. tax probe fallout (Reuters)

Chairman of the Board of Directors of Swiss bank UBS Peter Kurer gestures as he makes a speech during an extraordinary shareholders meeting in Lucerne November 27, 2008. (Arnd Wiegmann/Reuters)Reuters – Shares in Switzerland’s largest bank, UBS , fell to a new all-time low on Monday after the lender’s top executives met with a barrage of criticism for the way they handled a U.S. probe into tax fraud.

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