24 Sep '11, 11am

UBS CEO quits, board wants faster restructuring

UBS CEO quits, board wants faster restructuring

A file photo taken on Aug 4, 2009 shows chief operating officer of Switzerland's UBS bank Oswald Gruebel answering journalists' questions during the announcing of the bank's half year results for the first half of 2009 in Zurich. -- PHOTO: AFP ZURICH (REUTERS) - UBS chief executive Oswald Gruebel resigned on Saturday, shouldering the blame after the Swiss bank lost US$2.3 billion (S$2.99 billion) in alleged rogue trading. The bank said it had appointed Sergio Ermotti, head of Europe, Middle East and Africa, to replace him for now, and that it wanted to speed up a restructuring of its investment banking business. 'Oswald Gruebel feels that it is his duty to assume responsibility for the recent unauthorised trading incident. It is testimony to his uncompromising principles and integrity,' chairman Kaspar Villiger said in a statement. Mr Gruebel, a 67-year-old former trader w...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

SNA - UBS CEO Gruebel resigns over rogue tradin...

Oswald Gruebel, chief executive officer of UBS AG (UBSN) since February 2009, resigned his post at Switzerland’s largest b...

UBS CEO Oswald Gruebel resigns

UBS CEO Oswald Gruebel resigns

channelnewsasia.com 24 Sep '11, 11am

ZURICH - Swiss banking giant UBS announced Saturday that chief executive Oswald Gruebel has handed in his resignation, whi...

of ubs ceo resigns: UBS CEO ResignsRogue trader...

lancerlord.blogspot.com 25 Sep '11, 4am

Rogue trader Kweku Adoboli won't be the only person to lose his job over the scandal. UBS chief executive Osawld Gruebel h...

Preview of What She Wants (I)

loef.wordpress.com 28 Sep '11, 6pm

Animal prints have been a hot favourite among the stars for years. It’s a sure way of injecting sophistication and glamour...

September babies on board!

September babies on board!

isabellakuan.com 26 Sep '11, 9am

I truly agree that i really needed a break.And i’m really sick of having people around me who starts persuading me that ge...

A Little Peek into What She Wants…

A Little Peek into What She Wants…

loef.wordpress.com 27 Sep '11, 3pm

Hi everyone! How’s your week been so far? For me it had been a pretty slow start and I think I might have overworked mysel...

HP CEO Leo Apotheker resigns, Meg Whitman to take over

HP CEO Leo Apotheker resigns, Meg Whitman to ta...

hardwarezone.com.sg 23 Sep '11, 1am

HP Board Names Meg Whitman as New CEO Looks like Yahoo! isn't the only company with a new CEO. In a not so surprising move...

MP wants 'no-alcohol zone' near Zouk

MP wants 'no-alcohol zone' near Zouk

tnp.sg 24 Sep '11, 2am

MS INDRANEE Rajah wants to set up a "no-alcohol zone" around Robertson Quay. This comes after the MP of Tanjong Pagar rece...

Cleantech Investment, Green Economy Board Game

Cleantech Investment, Green Economy Board Game

cleantechnica.com 26 Sep '11, 9am

ZS: I see you had some fun with this. SC: Definitely. But the funny part is, most of the policy and random events that occ...

HP Names Meg Whitman CEO; Apotheker Steps Down ...

justluxe.com 24 Sep '11, 12pm

Hewlett-Packard put to rest much speculation in the market after the close of trading yesterday when it announced presiden...