The alleged rogue trades have killed any remaining ambitions UBS might have to compete with the titans of Wall Street.

The new interim boss of UBS has been charged with reorganising its investment bank, a task which will take two to three years to complete.

Swiss banking giant UBS’s boss does not feel guilty about the $2-billion rogue trading that occurred in his bank and isn’t resigning.

Pressure is mounting on bosses of Swiss bank giant UBS to quit for failing to prevent a $2-billion trading loss.