Financial Times FT.com

Investment banking

UBS tells unit staff to avoid US visits

By Haig Simonian in Zurich

Published: May 27 2008 23:30 | Last updated: May 27 2008 23:30

UBS has told members of its former private banking team responsible for rich US clients not to travel to America.

The Swiss bank has also made lawyers available to the more than 50 bankers involved, many of whom have left UBS since it decided last November to wind down its cross-border private banking business for US ­customers.

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