UBS CEO quits over trading loss

Started by Reuters, Sep 25, 2011, 12:02 AM

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Reuters

Sep 25, 2011, 12:02 AM
ZURICH (Reuters) - Oswald Gruebel resigned on Saturday as chief executive of troubled Swiss bank UBS, saying he took the blame for the $2.3 billion loss run up in alleged rogue trading in its investment banking division.

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