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Ospel out

14 January 2008 By Mike Verdin

He has presided over $14bn of writeoffs, tarnishing the bank s brand and forcing it to tap foreigners for cash. Unlike the bosses of Citi and Merrill, Ospel has kept his job. There are still a few things he can do for UBS. But he, too, should set a timetable for his departure.

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