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To: yard_man who wrote (7415)	10/2/1998 8:33:00 AM
From: Joseph G.	Respond to of 86076

you buddy? -g- <<Friday October 2, 11:51 AM Swiss Bank Chief Resigns The chairman of Swiss banking giant UBS has resigned after revelations that it was set to lose £400 million from its involvement in the US investment fund which came close to collapse last week. Mathis Cabiallavetta's resignation was accompanied by three other senior UBS executives on a day which saw banking stocks around the world plummet amid fears of the sector's exposure to risky hedge funds. His decision was taken as "a step towards rebuilding confidence in the bank" following its losses from investing in Long Term Capital Management, UBS said. >>