UBS's Weber Calls for Banking Consolidation

The video discusses the need for European banking consolidation to compete with American firms, highlighting the challenges posed by national regulations and the 'too big to fail' sentiment. It contrasts the regulatory environment in the US and Europe, noting potential for mid-sized bank mergers. The video also covers a UBS insider trading scandal, where a banker's husband was accused of trading on confidential information, leading to her resignation despite not being at fault.

What was the reaction of UBS regarding the investment banker involved in the insider trading case?

How did the banker feel about the situation with her husband and insider trading?