Investors welcome new UBS CEO

2011-09-26 19

UBS investors have welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti. Its shares rose after Oswald Gruebel quit to take the blame for a rogue trading scandal at UBS. His resignation clears the way for a major overhaul of its investment banking operations. Ermotti, who has experience both in investment ... http://www.euronews.net/