Good. More power to them. I have no idea why UBS is still being allowed to do business in the US, given their track record of financing terrorism. Between their massive write-offs related to mortgage derivatives, the recently filed US federal tax evasion suit against them, and now the Hizbollah victims’ suit, maybe this large criminal enterprise can finally be deposited on the ash heap of history.
I agree. Some would argue they have many US employees, but if we can break up ATT, I see no reason that as a reward for financing terrorists we can't force UBS to divest their US holding. Let them do it somewhere else. And if an American bank picks up their assets at a bargain price, so be it. Of course that would likely require legislation, and there's no way the administration will go anywhere near this.