UBS board 'regrets but accepts' CEO's resignation

Swiss bank UBS says its chief executive has resigned over a £1.5bn rogue trading loss.

UBS board 'regrets but accepts' CEO's resignation
Sat, 24 Sep, 2011 - 13:14

Swiss bank UBS says its chief executive has resigned over a £1.5bn rogue trading loss.

The bank says its Europe chief Sergio Ermotti will take over as interim chief executive until Oswald Gruebel’s replacement is appointed.

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