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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