Business ::
Zurich, Switzerland (GenevaLunch) – Marcel Rohner, CEO of Switzerland’s largest bank, UBS, has handed in his resignation, effective immediately. The bank has hired Oswald Gruebel, former head of Credit Suisse to replace him. Gruebel faces an uphill battle: bank shares have falled to historic lows this week while the bank fights a major court case in the US to protect client names as well as legal cases in Switzerland, where wealthy private clients have gone to court to protect the privacy of their data.
