Reuters, 20 Sep 2011(Reuters) - The Government of Singapore Investment Corp , the biggest shareholder in UBS , expressed disappointment at the alleged fraud trading case at the Swiss bank on Tuesday and urged it to take "firm" action to restore confidence.
In its first reaction to the rogue trading case that has caused UBS a $2.3 billion loss, the Singapore sovereign wealth fund said it has sought details on how the bank is tightening controls and will look forward to the results of the investigation. Full story
Related:
Singapore GIC urges UBS to restore confidence after alleged fraud - Monsters and Critics
