UBS: Pressure mounts after trading loss

Today’s press coverage of the continuing drama at UBS suggests the saga is playing out in predictable fashion, as rivals seek to poach UBS deal-makers, whose bonuses are likely to shrivel following the bank’s losses.   And speculation is mounting that CEO Oswald Gruebel will have to step aside.  The situation has been made worse by UBS’s reluctance to move aggressively, along the lines I recommended in a post last week.

The bank can still rebound from the crisis, but time is running short as others continue to shape the narrative.

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