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Home | UBS chief resigns over rogue trader |
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UBS chief resigns over rogue trader
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- September 24, 2011
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UBS chief executive officer, Oswald J Grübel, has resigned. The news comes days after losses at Switzerland’s biggest bank by alleged rogue trader, Kweku Adoboli, were estimated at $2.3 billion. Sergio P Ermotti has been named interim group chief executive officer, with immediate effect. UBS’s chairman, Kaspar Villiger, has explained that Mr Grübel feels it [...]
- Read more at:http://www.bankingtimes.co.uk/2011/09/24/ubs-chief-resigns/
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