UBS Chief Resigns After Trader’s $2.3B Loss

UBS chief executive Oswald Gruebel has resigned over a $2.3 billion rogue trading loss . The bank said Gruebel’s decision was an attempt to allow UBS to start afresh following the latest major scandal to hit Switzerland’s biggest bank. Bank President Kaspar Villiger said the board tried to convince Gruebel…

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UBS Chief Resigns After Trader’s $2.3B Loss

Posted by on September 24, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.