From the Wall St Journal: As British prosecutors expanded the charges against alleged UBS AG rogue trader Kweku Adoboli, the Swiss bank's board was preparing to examine the first report on how the 31-year-old is alleged to have racked up $2.3 billion in losses.
The board, meeting in Singapore, may also discuss whether to demand the resignations of Chief Executive Officer Oswald Grübel, as well as Carsten Kengeter, chief of its investment bank, according to a person familiar with the situation. The results of UBS's initial investigation could influence the board's decision, this person said….
Find out more at http://online.wsj.com/article/SB10001424053111903703604576586391495813716.html
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