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One of the biggest banks in the world wants the president's favorite banker muzzled.
The banker, Robert Wolf , a top UBS executive in New York, is among President Obama's leading fund-raisers, building more than $500,000 for his re-election so far this year.
A regular presence at big campaign fund-raisers , Mr. Wolf, who is 50, golfs and vacations with Mr. Obama and is known for e-mailing friends photos of himself with the president.
While such a close relationship might have been envied by other bankers in 2008, when much of Wall Street was infatuated with Mr. Obama and donated heavily to his presidential bid, it has been making other UBS executives uneasy of late.
The president's relationship with financial executives has been decidedly chilly after some critical comments about bankers and the administration's push on financial regulation.
With media reports pointing out that one of the bank's top executives is also one of the Obama campaign's top bundlers—a word that one UBS executive said "makes people's hair stand on end" inside the bank—the Swiss banking giant has decided to take an unusual step.
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