UBS CEO Oswald Grübel draw the appropriate conclusions from the gamblers at the Swiss bank scandal and resigned. The Board had accepted his resignation, said UBS. Grübel the provisional successor for Europe and the Middle East is responsible board member Sergio Ermotti. UBS Board Kaspar Villiger was quoted as stating, brooding look at it "as his duty to take on the recent incident in connection with the unauthorized trading of the responsibility."
Prayveyt Banjamin
UBS boss is brooding as a consequence of the speculation scandal resigned.
The decision was made at a meeting of the Board and management of the bank in Singapore. The originally scheduled for three days meeting was convened in Singapore routinely before the scandal became known speculation about a London dealer. The 31-year-old is said to have caused through unauthorized transactions of the bank a loss of $ 2.3 billion (1.7 billion €)
UBS plans only minor realignment
UBS will continue to pursue the business model of an integrated database with the fields of wealth management, investment banking and global asset management and Swiss retail and commercial banking. The investment bank will also be more focused on customer demand. The division will focus advisory and capital markets business as well as commercial and special solutions for clients.
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