UBS shareholders uneasy with SWF investment

Shareholders at UBS, the Swiss bank, are threatening a revolt over capital injections worth Sfr 13 billion ($11.2 billion) from two sovereign wealth funds.

The Financial Times newspaper reported on Friday that a Swiss investor had called on fellow shareholders to reject the capital injections made by the Government of Singapore Investment Corporation (GIC) and, according to the paper, the Saudi royal family's sovereign wealth fund, at an extraordinary general meeting to be held in February.