Monday June 1, 2020

UBS boss to face pressure from board

Oswald Gruebel, chief executive officer of UBS AG, may face pressure to cut risk and shrink the investment bank when the board meets in Singapore today, less than a week after a $2.3 billion loss from unauthorized trading, according to a Bloomberg re

21st September, 2011

Oswald Gruebel, chief executive officer of UBS AG, may face pressure to cut risk and shrink the investment bank when the board meets in Singapore today, less than a week after a $2.3 billion loss from unauthorized trading, according to a Bloomberg report.

The CEO got a scolding yesterday from the Government of Singapore Investment Corp., the company’s biggest investor, which “expressed disappointment and concern about the lapses

and urged UBS to take...

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