Today is the Annual general meeting for the failed swiss bank. The first in-person AGM since 2019 and it comes in at a very interesting time when the bank has gone form a $35bn bank to being sold for $3bn. Various moves are expected today as all investors come to discuss the 97% wealth destruction.
Topics today:
Consequences for the executives of the bank
US Senate Tax evasion accusation
Shareholder Q&A
Major shareholder Norges bank would potentially vote out the 7 directors.
Post the merger UBS expects to slash as much as 30% of the workforce.
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