UBS Picks New CEO

FRESH BLOOD

Updated Apr. 25, 2017 4:13PM EDT / Published Feb. 26, 2009 2:46AM EST

Swiss bank UBS, under pressure for write-downs and alleged improprieties about U.S. tax evasion, has tapped the former CEO of rival Credit Suisse Group to replace outgoing CEO Marcel Rohner. Oswald Grübel, 65, retired from Credit Suisse last year but is back to help UBS rebound amid the global recession and after settling a $780 million deal with the Justice Department over tax evasion charges. "I will do all I can to bring UBS back on a profitable, successful track," Grübel said.

Read it at The Wall Street Journal

ByteDance Docs Accidentally Unsealed, Revealing Its Origins

The documents were quickly resealed in Pennsylvania, but not before reporters had a good look at them.

Caitlin Clark Nearing Nike Deal Worth 50 Times Her Salary

The No.1 overall pick reportedly turned down Under Armor despite it sending its top athlete—Steph Curry—to try and recruit her to the brand.

Victim’s Fam Says Kohberger Alibi Only Helps Their Case

Kaylee Goncalves’ family has been outspoken since their daughter’s murder, wasting no time to poke holes in the alibi of their daughter’s alleged killer.

Santos Coincidentally at NYC Courthouse During Trump Trial

The disgraced ex-congressman had a hearing in his case against Jimmy Kimmel.

Bill Maher: Woody Allen Not a Pervert for ‘Baby Doll’ Kink

The comedian insisted the disgraced director is innocent and those refusing to work with him are “a bunch of pussies.”

Kate Fan Hijacks U.K. Domain for Meghan Markle’s Brand

Those clicking on the link “americanrivieraorchard.uk” found themselves directed to another website with a message of support for the Princess of Wales.

Eric Adams’ Legal Defense Trust Ditches Dietl Over NSFW Rant

The fund’s counsel said Adams believes no one should be spoken to “in such a disrespectful way.”

Kanye West Accused of Punching Man in the Face: TMZ

The rapper allegedly punched a man who, according to Ye’s rep, had “sexually assaulted” his wife, Bianca Censori.

UBS Picks New CEO