News from the papers - Sept 21st

FINANCIAL TIMES

Singapore fund hits at UBS ‘lapses’. The biggest shareholder in UBS broke its silence about the $2.3 billion rogue trading scandal that has engulfed the Swiss bank.

IMF warns on threat to recovery. It says that escalating risks to the global economic recovery mean the US and other major economies should not sharply tighten short-term fiscal policy.

Alan Beattie in Washington writes that the Eurozone’s slow Greek response has the makings ...