Failure Of Corporate Governance At Ubs Harvard Case Solution & Analysis

IMD-3-2003 © 2008
Steger, Ulrich; Nedopil, Christoph

In the month of April 2008, UBS was the bank that actually had been struck hardest by the subprime crisis. Due to its high threat direct exposure, UBS needed to document virtually US$ 40 billion. The very first effects were currently drawn, such as the elimination of UBS's chairman Marcel Ospel.

Was that enough for a significant Malaysian pension fund which was thinking about to invest cash in UBS? Was UBS' commercial ascendancy fit or was the board - as the eventually accountable body - uninformed of the dangers and not able to deal with them?

Subjects: Corporate governance; Board of directors; Banking; Banks; Corporate failure; Subprime crisis; UBS; Write-downs; Wuffli; Ospel; Chairman; CEO
Settings: Switzerland; Banking; 80,000 employees; 2008

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