UBS CEO fell on his sword over that $2.3bn unauthorized trading losses announced earlier this month.
And here's the latest breaking news from UBS.
Here's some links to some interesting Bloomberg, New York Times and Reuters stories currently doing the rounds.
This is probably the most worrying throwaway Wall Street comment of the week.
Sallie Krawcheck was once famously referred to as the 'last remaining honest analyst'. Well this man might in future be known as the 'most honest CEO on Wall Street'.
Here's the latest from our Highly Placed Professional.
By Jared Dillian
Washington, D.C. — The Securities and Exchange Commission has charged the co-founder of institutional money manager AXA Rosenberg with securities fraud for concealing a significant error in the computer code of the quantitative investment model that he developed and provided to the firm's entities for use in managing client assets.
New York - Working Mother magazine readers want flexibility and they want it now. In survey after survey, working moms rank flexible work arrangements as the most desired benefit they seek, even higher than compensation or paid days off.
Royal Bank of Scotland is looking to put most of its Asian corporate banking business up for sale, according to a person with knowledge of the discussions.
On Wednesday, congressional Republicans tried to pull a fast one.
What do you do if you manage a company that has just ousted its founder following a string of sexual harassment allegations?