1888PressRelease.com
1888 PressRelease Home Sign In Sign Up Contact Us About Us Sitemap
28
Feb
2008

UBS Boss To Be Questioned By Investors

The head of Swiss investment bank UBS is to face up to questions from investors in a meeting later today.


(1888PressRelease) February 28, 2008 - Marcel Ospel is expected to come under fire for the risky investments that have led to huge losses for the bank.

UBS has just reported its first annual loss since the merger that created the firm a decade ago - with $18 billion (£9 billion) worth of losses.

Last week, the board at UBS said it would recommend Mr Ospel be re-elected, but only for one year as opposed to the traditional three-year term.

However, many believe he may be forced to quit over the problems.

"I was a bit astonished by the fact that he will stay for a year," Jerome Schupp, a fund manager at Banque Syz et Cie told the BBC

"Ospel has been too weakened to remain for long. I think they are already looking for a successor," he added.

Further analysis of UBS could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research

Copyright and Disclaimer:

Copyright 2007, Aranca. All Rights Reserved.

All the contents of this Site are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision.

Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:

Aranca Syndication Service at syndicate ( @ ) aranca dot com dot
Tel: +91.22.4005 2219 / +91.22.6725 8115
 

Other Related Press Releases

HKForex, Announces Strong Uptake At Official Launch In Hong Kong by Alan Tang

I-Tech Introduces Widescreen Sunlight Readable LCD 47" Chassis Mount Monitor by Alan Chung

UBS Boss To Be Questioned By Investors by Aranca

PNY Introduces Its First Geforce 9 Graphics Board: The Geforce 9600gt by More2

Contact Information

Srinivas Macha

Aranca

400059

Voice: 67258113

Visit our Site