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The New President of the United Bank of Switzerland (UBS) group, Marcel Ospel, (Left) and Mathis Cabiallavetta (Middle), chairman of the board of UBS, shaking hands at the press conference announcing the merger of the Union Bank of Switzerland (UBS) with the Swiss Bank Corporation (SBC), Zurich, December 8, 1997. The United Bank of Switzerland is the world's second largest Bank. (Keystone/Martin Ruetschi)