In a strange twist of fate, UBS has been designated "Bank of the Year 2012 Switzerland" by The Banker, a prominent industry publication. Another entity so honoured the bank for 2012, Euromoney for "Best Domestic Cash Manager Switzerland 2012." Obviously, the candidates for these awards are considered many months in advance, but one must wonder, in a year when so much information was released about misconduct and criminal activity within the bank, what the Awards Committees were thinking.
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