P507 Teletext 507 Oct 2 21:04:10    ———————  ————————————————  UBS CHAIRMAN STEPS DOWN The chairman of UBS, the Swiss banking giant that shocked the market by losing billions in hedge-fund and emerging market transactions, has quit. Mathis Cabiallavetta said: "The conviction that I can prove my service to the bank with this step moved me to do this." Three other top UBS executives are also leaving their posts, the company has revealed. ——————————————————————————————————————— Share index 510 Market report 517 FINANCIAL SPREAD BETTING SEE p.699 Next Shares FTSE Company News