Wall Street's High Crime Area, Libor Scandal Expands, Confidence Crisis, and More

The Libor scandal continues to spread, with more banks and regulators being placed under the microscope for their involvement in rate rigging. Meanwhile, Wall Street's image continues to take a pounding while UBS Americas' chairman strikes out on his own.
July 20, 2012


7. New Beginnings

When you go straight from school to only working at two firms for 28 years, leaving an established platform to do something entrepreneurial is both exciting and overwhelming. But I look forward to this new chapter in my career.

— Robert Wolf, who UBS chairman for the Americas until the end of July, on his leaving the firm to set up his own advisory shop.

Source: NY Times Dealbook: Wolf to Leave UBS to Form New Firm

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