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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

UBS bonuses

UBS faces growing turmoil amid leadership transition

Posted by RJ and Makay on Sep 26, 2011

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Oswald Gruebel’s exit from UBS Saturday makes it unlikely that the Swiss banking giant will rejoin the global investment banking elite any time soon, and that its status as an integrated bank remains uncertain, according to industry observers. It has been a quick decline for the firm after showing positive earnings results as recently as April.