UBS has published an apology tarif tiki and acknowledgment of responsibility on nearly fifty pages, recognizing its direct responsibility for financial losses experienced by all shareholders of the company. The reason for the large loss is insufficiently prepared to risk control system was not ready to extraordinary events such as an economic crisis that we just recorded.
In this crisis, although they suffered and they strongest, but as they say in the report, the desire for capital and increasing revenue caused tarif tiki the financial cost effective, but also more risky investments in which are possible and big losses. UBS, however, wrote off nearly $ 37 billion of non-performing loans - more than any other bank
As further stated in the same report, dedicated to the application of Swiss EBK regulatory agencies, is most responsible for the losses tarif tiki of the Department of hedge funds, and under him the company tarif tiki Dillon Read Capital tarif tiki Management, which they merged last year.
This will likely public apology, because the list of flaws and failures, more angry shareholders to the meeting, led by new leader Peter kureru on Wednesday, will be asked to contribute financially to the share capital of the company.
One of the former president and firms and major shareholder Luqman Arnold says he is pleased with the new direction and the other in a row this year's financial recovery plan of the company. It is believed that former Attorney kureru company does not have enough financial knowledge and experience to the position to which he was appointed. NT / Daniel Miklec
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