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UBS feels the pain after ‘Chinese pig’ comment

London analyst's comment has lead to some clients pulling back, despite its apologies over the matter

A week after a UBS economist’s offhand comment about pigs in China morphed into an online scandal, the bank is still feeling the pain in one of its most important markets.

At least one Chinese client dropped UBS from a bond deal, traders at some asset managers stopped dealing with the bank and some corporate executives have put off meetings with UBS’s investor clients, according to people familiar with the matter.

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