Friday, 9th January 2009

 

21 November 2008 - Press Briefing

UBS director claims bank on way to recovery

UBS, one of the worst-affected European banks amid the credit crisis, is on the way to recovery, board member Ernesto Bertarelli has said, according to a Reuters report.

"We have tried to take the right decisions early so that we could turn the corner," Bertarelli, a Swiss entrepreneur, was quoted as saying in an interview with local magazine Bilanz on Thursday. "Today we are on a good path to leave the crisis behind us," he added.

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Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

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Carphone chief escapes FSA sanctions as rules are clarified

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