UBS CEO Oswald Grbel resigns, it is his duty he says

25th September 2011, Comments 0 comments ZURICH, SWITZERLAND - Oswald Gruebel, 67, has resigned as CEO of UBS AG, Switzerlands largest bank, after a 2.3 billion dollar loss from unauthorized trading. On a statement released on Saturday 24 September, UBS stated that the board had named Sergio Ermotti, the banks European head, as interim CEO. UBS said in July that former [...]

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