Arab Today, arab today ubs boss quits over trader\s loss
Last Updated : GMT 18:31:22
Arab Today, arab today
Arab Today, arab today

UBS boss quits over trader\'s loss

Arab Today, arab today

Arab Today, arab today UBS boss quits over trader\'s loss

Bern - Arabstoday

The chief executive of Swiss bank UBS has resigned over an alleged £1.5bn ($2.3bn) rogue-trading loss. \"Oswald Gruebel feels that it is his duty to assume responsibility for the recent unauthorised trading incident,\" Chairman Kaspar Villiger said in a statement. London-based trader Kweku Adoboli has been charged over the affair. UBS Europe chief Sergio P Ermotti would take over as interim chief executive, the bank announced.

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