Kaspar Villiger News
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If the attendees at the World Economic Forum in Davos, Switzerland, this week are the story of people who lead in politics and business or aspire to, the names of those not making the trip tell a different tale.
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UBS AG, Switzerland’s biggest bank, said its board of directors confirmed Sergio Ermotti as chief executive officer, less than two months after he replaced Oswald Gruebel on an interim basis.
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UBS AG Chairman Kaspar Villiger said the bank isn’t discussing selling its U.S. wealth management business, SonntagsZeitung reported.
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When UBS AG celebrated its 150th anniversary in Zurich last month with 600 guests dining on Ossetra caviar and Wagyu beef, there was no jubilation in the executives’ speeches.
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UBS AG will base Chief Executive Officer Sergio Ermotti’s bonus in part on the progress he makes in restoring the reputation of Switzerland’s biggest bank, Chairman Kaspar Villiger said.
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Fourteen months after the largest loss from unauthorized trading in British history, UBS AG is accelerating a retreat from risk taking.
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UBS AG Chairman Kaspar Villiger said that “patchwork” rules applied to banks worldwide only make life more difficult for globally-active financial firms as well as for other companies, which will affect economic growth.
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UBS AG Chairman Kaspar Villiger said the Swiss lender plans to keep its investment bank after an employee at the unit allegedly lost $2 billion in unauthorized trades, Neue Zuercher Zeitung said.
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UBS AG interim Chief Executive Officer Sergio Ermotti and Chairman Kaspar Villiger met with undisclosed investors last week in Zurich, SonntagsZeitung reported, without saying from where it obtained the information.
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The Government of Singapore Investment Corp., UBS AG’s biggest shareholder, repeatedly expressed confidence in Oswald Gruebel, NZZ am Sonntag reported, citing an interview with UBS Chairman Kaspar Villiger.
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