Easy Profits for UBS Raise Eyebrows
The alumni of bulge-bracket investment banks had an occasion for a cynical laugh on December 26 when the Swiss bank UBS AG denied Chinese media reports that it had improperly manipulated shares and warrants in the Hong Kong listed H shares of PetroChina around the time that PetroChina’s A shares were being listed in Shanghai in early November.
"These all…
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