UBS Joins Rogue’s Gallery of Risk Failures
As the world’s top investment banks grapple with a changing regulatory landscape that is hitting returns and driving up costs, one factor remains constant: their susceptibility to rogue traders.
David Rothnie
November 18, 2011
15 Apr 2009, Switzerland --- Swiss bank UBS CEO Oswald Gruebel is silhouetted as he walks on stage prior the start of the general shareholders meeting in Zurich April 15, 2009. UBS made a first-quarter loss and will cut another 11 percent of staff, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future. REUTERS/Christian Hartmann (SWITZERLAND BUSINESS IMAGES OF THE DAY) --- Image by © Christian Hartmann/Reuters/Corbis
© Christian Hartmann/Reuters/Cor
