World stocks power to one-month high

World stocks hit a fresh one-month high and the dollar rose on Monday, bolstered by firmer commodity prices and growing expectations that banks are close to cleaning up their credit-related troubles. Optimism

UBS ex-CEO leads campaign to shake up bank

Pressure on beleaguered Swiss bank UBS AG  to break up intensified as activist investor and former chief executive Luqman Arnold demanded to meet UBS’ board and shake up its governance and structure.