Swiss shareholders in no mood to forgive and forget ex-UBS bosses...

The battered reputation of UBS has taken another dive after shareholders voted not to absolve some of the bank’s former leaders for actions that lead to its near-collapse.

At the bank’s annual general meeting on Wednesday, shareholders voted against forgiving the bank’s 2007 management, which includes former chairman Marcel Ospel, from all blame.

The rebellion opens the door to possible civil or even criminal law suits.

The Swiss bank's current leadership had urged shareholders to discharge their predecessors following an internal investigation that found no individual guilty of breaking laws. More...

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