FILE the July 26, 2011 file photo shows Oswald Gruebel, CEO of Swiss Bank UBS, speaking during a press conference announcing the second quarter results of 2011 in Zurich, Switzerland. Swiss bank UBS ... more 
FILE the July 26, 2011 file photo shows Oswald Gruebel, CEO of Swiss Bank UBS, speaking during a press conference announcing the second quarter results of 2011 in Zurich, Switzerland. Swiss bank UBS AG said Thursday, Sept. 15, 2011 it has discovered that unauthorized trading by one of its staff has caused an estimated loss of US$2 billion (1,453 billion euro) and warned it could result in a loss for the entire third quarter. (AP Photo/Keystone, Walter Bieri) GERMANY OUT AUSTRIA OUT less 
1 / 1
Associated Press | Photo By Keystone, Walter Bieri
Thu, Sep 15, 2011 4:46 AM EDT