Post-crisis tales of pride, pitfalls and politics

摘要

With banks, the bigger they are, the harder they fall. UBS, the former pride of Swiss banking, took a $50bn subprime loss in the crisis and needed four capital injections to get straight. Now under the leadership of veteran banker Oswald Gruebel, UBS is showing signs of recovery and has dominated the market for advising governments on how to deal with their newly acquired stakes in failed banks!rnInvestment banking and capital markets editor Geraldine Lambe details the remedial work being done at UBS in this month's cover story (see page 14), which includes an interview with Mr Gruebel.