Quotes From UBS' Q2 Call That Spell Doom For CEO Gruebel And The Investment Bank (UBS)

Major changes are coming for the UBS investment bank. In its second quarter earnings call in June, UBS CEO Oswald Gruebel said some things about the firm's struggling investment banking business that, in light of its recent $2.3 billion trading loss, forecast a serious downsizing or shutting down of that side of the firm's business. For example, there are numerous times that he highlighted the...