Ubs Ceo Resigns, Board Affirms Commitment To Investigation, Changes

MarketNewsVideo.com, Forbes
Mon, 09/26/2011 - 11:00am

UBS (UBS) said over the weekend that its board of directors has accepted the resignation of Group CEO Oswald Grbel to resign from the bank. Chairman Kaspar Villiger said Grbel felt it was his duty to assume responsibility for the unauthorized trading in the firms London investment banking unit, which cost UBS $2.

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