Comment & Analysis
GIC's Hit on UBS Investment $4 Billion
Singapore's crisis-era investment in UBS lost the city-state more than $4 billion in less than ten years, according to a new report. The Swiss firm's investment bankers also fumbled the exit. The Government of Singapore Investment Corporation, or GIC, is swallowing a loss of more than $4 billion (S$5.59 billion)…
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