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Monday, 13 September 2010

UBS Ends Tate Modern Sponsorship

Tate Modern announced at their annual press conference, that they had lost the backing of UBS the largest Swiss Bank. The extension building program is nearly at a halfway point in raising funds. UBS posted a first-quarter loss in April 2008 of 12 billion Swiss francs (then $11.9 billion). The bank has since turned around: In July 2010, it reported its third consecutive quarterly profit of 2.01 billion Swiss francs. Read More......

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