Bundesbank accelerates Weber’s UBS start

weber

Germany's Bundesbank on Wednesday said it had cleared former president, Axel Weber, to begin working at banking group UBS in Febuary, three months earlier than initially expected.

The central bank had previously cleared Weber to take up his new post in May 2012.

Weber's presence at UBS became more urgent after a recent rogue trader scandal, which resulted in the resignation of chief executive, Oswald Grübel. Weber will act as an adviser in the process of replacing the top management.

Under the B

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