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UBS Chairman Villiger Tells NZZ Investment Bank Is Necessary

Sept. 17 (Bloomberg) -- UBS AG Chairman Kaspar Villiger said the Swiss lender plans to keep its investment bank after an employee at the unit allegedly lost $2 billion in unauthorized trades, Neue Zuercher Zeitung said.

Villiger told the newspaper the investment bank is necessary, NZZ said.

To contact the reporter on this story: Thomas Mulier in Geneva at

To contact the editor responsible for this story: David Risser at

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