UBS is in discussions to sell its hedge fund subsidiary O'Connor to Cantor Fitzgerald to mitigate risks and comply with stricter capital requirements, potentially needing to deposit up to CHF 25 billion. Meanwhile, Nestlé is considering divesting its water division, including brands like Perrier, due to profitability concerns, with a sale expected to generate at least 5 billion francs. Both companies are under scrutiny as they navigate these strategic shifts.