No straightforward European recovery: UBS' Alex Weber

Weber Grill

Europe's recovery this year will not be straightforward, according to Axel Weber, the chairman of UBS, who warned against complacency in the euro zone with banking stress tests and anti-EU sentiment waiting to derail modest growth.

UBS Chairman hints at earlier departure

Exit Sign

UBS chairman Axel Weber has hinted he may not stay at the Swiss bank as long as originally expected, in a newspaper interview linking his future with the lender's ability to meet stricter regulation as well as to restructure by end-2015.


UBS Logo

Swiss newspaper Neue Zuercher Zeitung has reported that UBS is now aiming to appoint a new Group CEO ahead of its investor day on November 17th.

Top Firm Execs Said To Be Close To 'Open Warfare' (Thanks To UBS)

Missile Tank

Deutsche Bank CEO Josef Ackermann is said to be furious that Clemens Borsig, the bank's supervisory board chairman and the person tasked with leading the charge to find Ackermann's successor, didn't move quick enough to find something appealing enough to entice over Axel Weber, former President of the Bundesbank.