- 2012/6/15 14:00
（2012年６月15日付 英フィナンシャル・タイムズ紙）
米政府の農業助成金拡大で思わぬ恩恵を受けるのは機関投資家のようだ。
■米国の農地が魅力的な投資対象に
連邦穀物保険は米上院で今週審議が進んでいる農業関連法案の目玉で、米議会予算局（ＣＢＯ）によれば、同保険に対し今後10年間で900億ドル超の税金が投入されるという。
Mr Gruebel was brought out of retirement in 2009 to reform UBS after it almost collapsedThe chief executive of Swiss bank UBS has resigned over an alleged £1.5bn ($2.3bn) rogue-trading loss.
The move is part of a major shake-up at the bank which will also see it shrink its investment banking division to reduce its risks.
"Oswald Gruebel feels that it is his duty to assume responsibility for the recent unauthorised trading incident," Chairman Kaspar Villiger said.
London-based trader Kweku Adoboli has been charged over the affair.
Rogue traderMr Adoboli was arrested last week and charged with fraud and false accounting. He has been remanded in custody until 20 October.
Mr Adoboli, from east London, made no application for bail and gave no indication of how he would plead when he appeared in court on Thursday.
His lawyer, Patrick Gibbs, said Mr Adoboli was "sorry beyond words for what had happened".
"He went to UBS and told them what he had done, and stands now appalled at the scale of the consequences of his disastrous miscalculations," he said.
UBS changes
UBS said Europe, Middle east and Africa chief Sergio P Ermotti would take over as interim chief executive.
The trading losses are an embarrassment to the bank which is still recovering from its near collapse during the 2008 financial crisis.
The firms biggest shareholder, Singapore Investment Corp (GIC) has expressed its "disappointment and concern" at lapses at the bank which may have led to the losses.
The bank's board said it would seek to adopt "mitigation measures" to deal with any failures.
Mr Villiger also promised the bank would be more 'client centric' in future.
"The Investment Bank will be less complex, carry less risk and use less capital to produce reliable returns," he said.
This is likely to mean the bank will take less risk, especially in its investment banking division.
Mr Villiger praised the work of Mr Gruebel, 67, since he was brought out of retirement in 2009 to reform UBS after it almost collapsed under the weight of more than $50bn of toxic assets.
A regular UBS board meeting that had been scheduled to finish on Friday is continuing by conference call, reports said.
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