NZZ deletes article about Ospel from its archive

 The Neue Zürcher Zeitung has deleted an article from its archives in which it made critical comments about UBS and its Chairman of the Board Marcel Ospel. This was reported by Cash daily about the competitor from Falkenstrasse. The NZZ itself wrote in a short message on Wednesday that the article would be withdrawn from the archives and databases and that the editorial team regrets "any misunderstandings that may have arisen". In the text in question, a commentary from 15 February, author Beat Brenner criticized Marcel Ospel's absence at the annual media conference two weeks ago and Ospel's "flagrant violation" of the company's internal separation of powers in the downfall of Swissair. The unusual sharpness of the commentary in the "usually bank-friendly NZZ" was apparently too much for UBS, speculates Cash daily. In response to the retracted article, the NZZ said that "very abbreviated conclusions were drawn for Ospel and UBS that were misleading in the overall result and in no way intended". A media lawyer contacted by Cash daily suspects that the correction and deletion of the article was done in advance of a possible legal dispute.