UBS CEO Oswald Gruebel has stepped down amid the fallout of the $2.3B rogue trading scandal, the...

|About: UBS Group AG (UBS)|By:, SA News Editor
UBS CEO Oswald Gruebel has stepped down amid the fallout of the $2.3B rogue trading scandal, the bank says. After leaving Singapore, UBS board members reconvened by conference call Saturday to address its latest crisis. Board member Sergio Ermotti has been appointed CEO on an interim basis.