On May 3, 2007, UBS announced it would close Dillon Read Capital Management. Financial News charts the careers of some of those connected to the internal hedge fund.

The bank that day announced subprime debt-related losses for the first time in connection with the closure of the internal hedge fund, totalling around Sfr150m. A month later, Marcel Rohner replaced Peter Wuffli as chief executive. For the full year, the bank posted writedowns related to the US residential mortgage market of $18.7bn. In total, the bank reported writedowns of $50bn over the course of the financial crisis.