25 Sep '11, 4am

of ubs ceo resigns: UBS CEO ResignsRogue trader Kweku Adoboli won't be the only person to lose his job over the

Rogue trader Kweku Adoboli won't be the only person to lose his job over the scandal. UBS chief executive Osawld Gruebel has resigned over the $2.3 billion loss. UBS Europe chief Sergio Ermotti will take over as interim chief executive until a replacement is found. The Swiss bank's president, Kaspar Villiger, said the board regretted Gruebel's decision but will accept it. "Oswald Gruebel feels that it is his duty to assume responsibility for the recent unauthorized trading incident," Villiger said in a statement. "He steps down having helped make UBS one of the world's best capitalized banks.” The bank also says it is putting measures in place to prevent another rogue trading loss from happening. Swiss media speculation had been mounting that Gruebel would be ousted at the long-scheduled UBS board meeting held in Singapore in the run-up to Sunday's Grand Prix -- the bank i...

Full article: http://lancerlord.blogspot.com/2011/09/of-ubs-ceo-resigns...

Tweets

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...

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 quits, board wants faster restructuring

UBS CEO quits, board wants faster restructuring

straitstimes.com 24 Sep '11, 11am

A file photo taken on Aug 4, 2009 shows chief operating officer of Switzerland's UBS bank Oswald Gruebel answering journal...

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...

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...

Latest: MyCube distances itself from former CEO...

sgentrepreneurs.com 26 Sep '11, 10am

Latest: MyCube distances itself from former CEO September 26, 2011 by Terence LEE The note from MyCube is as terse as can ...

In this UBS study, Singapore ranks 10th most expensive city to live in (above New York) but only #42 in wages and...

In this UBS study, Singapore ranks 10th most ex...

WRS CEO Isabella Loh canned Halloween event at Night Safari, agrees with President Tony Tan's comments Everythingalsocompl...

Executive shake-up underway at Ener1 as CEO res...

green.autoblog.com 30 Sep '11, 6pm

Ener1 Announces Senior Management and Board of Directors Changes NEW YORK, Sept. 27, 2011 /PRNewswire via COMTEX/ -- Ener1...

GIC defends UBS investment

channelnewsasia.com 19 Sep '11, 2pm

SINGAPORE: The Government of Singapore Investment Corporation (GIC) has defended its investment in Swiss bank UBS. This wa...