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Move to slash risky assets is backed by Weber – report

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Swiss bank UBS's (UBSN.VX) strategy to slash risky assets by almost half and pay its first dividend since the financial crisis has the full backing of Axel Weber, its newly-crowned Chief Executive Sergio Ermotti said in a Swiss newspaper on Sunday. "Axel Weber is 100 percent behind our strategy," Ermotti,…

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Click here to read the full story: Reuters

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