Sep 25, 2011

of ubs ceo resigns

UBS CEO Resigns
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 is a major sponsor of Formula One racing.
Reports said Gruebel was expected to seek a vote of confidence during the meeting, with the bank under pressure from shareholders and some Swiss politicians over the rogue-trading scandal.

But Villiger, shortly after the statement was released, told journalists the UBS board did not want Gruebel to step down immediately, and would have preferred he stayed on until a key shareholders' meeting, set for the spring of next year.

But for Grubel, staying on until next year would not have sent a strong enough signal regarding his responsibility for the scandal, and so he chose to resign now, Villiger explained by phone from Singapore.

3 comments:

  1. [p]"Link: shopping tricks build trick moncler jacket [url=http://www.monclersoldehomme.fr]boutique moncler[/url] men: buy a list of selected columns on the list of goods to strict control: first, there must have been" aiming "on; second, before the discount price is already high in the absence of ; third, looked up his wardrobe, shoe and found similar style does not a single product; fourth, the last time to ask yourself whether you can exclude a section or several moncler women . But [url=http://www.monclerdoudounee.fr]moncler doudoune[/url] you can't not me . Reduced cost Moncler Jackets have different design and [url=http://www.monclersoldehomme.fr]moncler[/url] function . Is [url=http://www.monclerfrancee.fr] moncler femme[/url] certain . In the event particularly slimmer and additionally natural-type trend is as well [url=http://www.monclerfrancee.fr] moncler france[/url] personally seen children needed utilize eye ball . Nowadays, Moncler is the top class brand of luxury winter [url=http://www.monclerfrancee.fr] moncler pas cher[/url] clothing.[/p]

    ReplyDelete
  2. [p]cheap beats [url=http://www.beatsbydremonsters.co.uk]custom beats[/url] by dre . 隆卤Despite dropping several highly regarded mix tapes and scoring a hit radio single with the Dr . Providing exclusive access to thousands of movies through HTC Watch 2 . The software is accessible as an instant get which means it is possible to start off making that to start with banging beat straight away! No delay time waiting for the shipment to arrive . bieber Limited Edition [url=http://www.beatsbydremonsters.co.uk]custom beats by dre[/url] Pink
    s . Environmental Safety (EPA) mentioned the outflow [url=http://www.beatsbydremonsters.co.uk]customize beats by dre[/url] started Monday, once the pipes burst in the Marshall Islands, Michigan, it隆炉s hard to be reasonable . It has enough volume to fill a room and bass [url=http://www.cheapbests4monster.co.uk]beats by dre[/url] is strong and solid, though the midrange is a little subdued, and sometimes swamped by the treble . It is Monster beats by dre flat headphone, auction spiderman beats are headphones developed by hip-hop/rap artist Dr.[/p][p]隆卤

    We隆炉ll be expecting [url=http://www.cheapbests4monster.co.uk]Beats By Dre[/url] some more Beats branded phones, then . It comes in white or black and runs from XS-XXL for the perfect fit . Although it is actually ridiculously affordable, do not let that fool you when it comes to functions . Wear heartbeats, absolutely love each other, and commemorate the art and lifestyle of music . Medical professionsal beats by dre diamond studio [url=http://www.beatsbydremonsters.co.uk]cheap beats[/url] spiderman hd headphone . Value fr Price 篓C 4 stars due to high price thugh [url=http://www.beatsbydremonsters.co.uk]cheap custom beats[/url] I would stll buy thm regardless . HTC is now the major stakeholder in Beats, paying US$300 million for the [url=http://www.cheapbests4monster.co.uk]Cheap Beats By Dr Dre[/url] privilege . Dre

    With several bass heavy headphones the sound can Beats By Dre Headphones turn out to be 隆掳muddy隆卤 and unclear, however this isn隆炉t the situation with the Sounds by Dr Dre.[/p]

    ReplyDelete
  3. [p]This product comes with a magnetic charger which would need to be connected to the handle and can work for 20 minutes before requiring another charge . why clarisonic mia are more and more popular
    In a group study, the same amount of cosmetics containing fluorescent agent rubbed on the forehead of each test object, and then use flash photography forehead . It is also more effective and speedier than the usual approach of using cotton wool or wipes with ones hands . You can easily take it on travels . You know how these things go . The decline in Britannia silver Silversmiths didn忙聤掳 seem to be too happy with the introduction of this new material and lobbied to get sterling re introduced . How to use Clarisonic Mia
    1, the use of very mild effect, available twice a day;
    2, waterproof and can be used in the bathroom;
    3, easy to clean, brush head can be replaced every three months;
    4, timer and reminder settings . [url=http://www.disclarisonicsale.com]clarisonic sale[/url] 3.[/p][p]Dermabrasion was used to improve acne scars, pox marks, and scars . This helps to unblock skin pores and prevent [url=http://www.disclarisonicsale.com]clarisonic [/url] skin disorders such as acne . [url=http://www.disclarisonicsale.com]discount clarisonic mia[/url] co . Clarisonic Sale don't stress out about it too much . So you really do in the market for that dead skin off see your face and the clarisonic removes it on a daily basis very gently and easily along with removing any makeup in addition to daily debris (pollution, dust, etc)  that your skin is exposed to throughout ones busy day . Clarisonic waterproof, wireless, rechargeable, available at - or even [url=http://www.disclarisonicsale.com]clarisonic mia sale[/url] shower . Clarisonic Mia is compact, small and waterproof . The charger that comes with the [url=http://www.disclarisonicsale.com]cheap clarisonic mia outlet[/url] Mia allows you to utilize the machine for twenty minutes before it needs recharging.[/p]

    ReplyDelete

Alexa What's Hot, Arbroath, AsiaOne, Bits and Pieces, Blemish, Bump Shack, Buzzfeed, ChannelNewsAsia, City Rag, CodeWolf, Co-ed, Delicious (Popular), Digg (Popular), Drunken Stepfather, Egotastic, Electric New Paper, Extremefuse, Friend or Follow, Gossip Galore, Gutter Post, Google Trends, Hardware Zone, Hollywood Tuna, iFensi, LiveLeak, lowyat, Media Takeout, Mixx, MyCarForum, Pop Sugar, Reddit, Sammyboy, Shanghaiist, Spcnet, Straits Times, Taxi Driver, Technorati (Popular), The Dirty, The YNC, The Superficial, Today, VR Forums, VNC, X17, YouTube, blogcatalog, blogged.my, bloggersg, bloglines, blogshares, gaia, sgblog, SgBlogs.com, singapore blogs, tomorrow.sg, feedburner, ping.sg, pingoat, sara, wasalive

Follow my blog with Bloglovin
lancerlord © 2016 | Distributed By Blogger Template | Designed By Blogger Templates
Scroll To Top