Summary
SWISS bank UBS has slashed its stake in online payment systems provider Neteller following the signing by President George Bush of legislation that outlaws online gambling in the United States. Isle of Man-based Neteller has rushed to expand its European operations and to reassure customers and investors that it can block accounts from the States.
However, UBS almost halved its stake from 6.9 million shares to just 3.7 million at the end of last week.See the full content of this document
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