Marcel Ospel

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Last quote by Marcel Ospel

The situation in the US property market continues to dramatically change for the worse. As a result, we've changed our way of looking at things and came to the conclusion, that this is the right way to go. We needed to provide clarity. We do not want to leave things to speculation because that makes our clients and our employees feel insecure.feedback
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Dec 10 2007 UBS
Marcel Ospel has most recently been quoted in an article called UBS surprised markets with major subprime writedown. Marcel Ospel said, “The situation in the US property market continues to dramatically change for the worse. As a result, we've changed our way of looking at things and came to the conclusion, that this is the right way to go. We needed to provide clarity. We do not want to leave things to speculation because that makes our clients and our employees feel insecure.”.
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