UBS Moves Support From Verbier To Lucerne

“UBS, the giant Swiss bank, has withdrawn its support of the UBS Verbier Orchestra, an elite training ensemble that is based at the Verbier Festival in Switzerland and that has close ties to the Metropolitan Opera Orchestra and the Met’s music director, James Levine. The bank has decided to move its money to a rival Swiss festival in Lucerne, a higher-profile event that has a training academy — but no student orchestra — of its own.”