Reuters, 23 Nov 2008, Lisa Jucca
ZURICH, Nov 23 (Reuters) - UBS is likely to need a fresh capital injection from the state after the Swiss bank's shares lost nearly 50 percent this month, a top Swiss bank regulator told SonntagsZeitung newspaper on Sunday.
Daniel Zuberbuehler, Director of the Swiss Federal Banking Commission, said a takeover of UBS was not likely despite the fall in shares and ruled out a merger with domestic peer Credit Suisse.
"When you look at the share development, it is really an open question whether the rescue package is sufficient," Zuberbuehler was quoted as saying in an interview with Swiss Sunday newspaper.
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