By Ron Suskind
Little Jackson Hole, WY - Joe Ricketts has announced that he will retire from the TD Ameritrade board of directors to concentrate fully on entrepreneurship and philanthropy. Ricketts will step down from the board effective October 20, 2011.
In case you missed them, here's last week's top stories.
Here's the latest from our Highly Placed Professional
UBS Group CEO Oswald Gruebel has sent staff a note on that $2.3bn authorized trading loss, in which he confirms: 'Ultimately, the buck stops with me'.
Here's something on JPMorgan Chase CEO Jamie Dimon from a William Cohan article which appeared on Bloomberg last week.
Credit Suisse has followed Swiss bank Julius Baer and worked out a deal with German prosecutors to settle a probe into allegations about whether the firm, and certain of its employees, were involved in helping clients evade German taxes.
Zurich / Basel – Last week UBS announced that it had discovered unauthorized trading in its Investment Bank.
Kweku Adoboli may have run up a $2bn tab at UBS without anybody noticing.
Here a few interesting links to some Bloomberg, CNBC, New York Post and Thomson Reuters stories that are currently doing the rounds.
The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS and Credit Suisse by the year-end, in order to protect them against future crises.
French investigating magistrates have issued arrest warrants for three former Swiss managers at UBS in connection with their investigation into whether the bank helped tax dodgers, a judicial source told Reuters on Tuesday.
From RBS banker to entrepreneur.