Three best quotes of the day
Quote:
"The fact that we will continually be confronted with mistakes from the past is a reality we have to live with."
UBS AG chief executive Oswald Gruebel on the bank's attempts to regain investor and client confidence in the wake of billion-dollar loses and scandal arising from secret banks accounts. Nonetheless, execs at the Swiss bank today defended sizeable increases in bonuses for the company's executives and top producers.