The banker who got into hot water apparently for his public embrace of President Barack Obama is no longer chief of UBS in the Americas.
A day after he left the Swiss bank, Robert Wolf appeared Thursday on CNBC's "Squawk Box," defending his golf buddy's attempt to win re-election to the White House.
There are many bright spots in the economy, he told CNBC, adding that for every Obama foe like Donald Trump, there's a supporter like Warren Buffett.
Wolf, 50, is an unabashed backer of the president and is among the top money bundlers for Obama.
In June, The New York Times reported that he had raised more than $500,000 for the re-election campaign.