Mark Henley

Basel, SWITZERLAND

Oswald Grubel, Group Group Chief Executive Officer of UBS, responding to disgruntled shareholders at the annual general meeting, is shown on a video screen inside the entrance to the concert hall used as a venue for the AGM. Grubel, previously head of Credit Suisse, was brought in following catastrophic losses by the bank that necessitated a government bailout, as well as a major investigation into organised tax evasion in the United States which has called into question the future existence of Switzerland's banking secrecy laws. In September 2011 UBS was hit by a new scandal as a rogue trader lost in the region of USD 2.3 billion in unauthorised trading. In response Oswald Grubel, Group Chief Executive Officer at UBS, resigned in September 2011.

Object Name
Copyright
Mark Henley
City
Basel
Country
SWITZERLAND
Restrictions
Not available in Switzerland and Japan.
Max size
High Resolution
4288 x 2848 pixels
36.31 x 24.11 cm (300 dpi)
14.29 x 9.49 inch (300 dpi)
4.0 MB size on disk
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