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Opinion
Lionel Laurent

A Rabble-Rouser at Credit Suisse

UBS shows how hard it is to change banks, but there's no harm in talking about profit.
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Moviepix via Getty

Shareholder activism is increasingly a fact of life for European companies, from Nestle SA to Danone SA, as wannabe Gordon Gekkos push managers to work harder at a time of economic recovery and cheap debt.

Banks, kept on a short leash by regulators and politicians, have been less fertile territory. Rabble-rouser Knight Vinke sold out of Switzerland's UBS Group AG in 2015 after a few years trying to break it up. But someone's decided to have another crack at one of its rivals.