Quote of the day

'As soon as we found out that a single trader had lost what would surely have been their entire quarterly profit, (Gruebel) was just waiting to fall down and die' - Michael Robinson, a former U.S. Securities and Exchange Commission official who advises banks and companies on crisis communications, says it was inevitable that UBS CEO Oswald Gruebel would have to resign.

Last Updated: 09 Oct 2013

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