Report: Knight Keeps Pressure On UBS

should sell its investment banking business to

, according to comments published Sunday by activist investor Eric Knight. Knight's Knight Vinke Asset Management has argued since at least May 2013 that UBS should separate its wealth management and investment banking units through a spinoff. UBS called the proposal "erroneous and without merit" in its

to Knight April 22. In an interview published Sunday by the Swiss newspaper SonntagsZeitung and picked up by

, Knight said UBS could combine its investment banking arm with that of Credit Suisse to create a leader in the sector. "But there are other possible partners," including

, Knight told the newspaper. Knight owns a reported 1 percent stake in UBS and believes UBS' investment banking unit requires additional capital to be fully successful. Knight has targeted other companies in the past including