Rogue trader arrested after $2 billion UBS loss - Macleans.ca

Rogue trader arrested after $2 billion UBS loss

Swiss bank reels after new credibility blow

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London police have arrested a UBS trader who stands accused of losing the Swiss bank $2 billion in rogue trades. Losses from the unapproved deals may have pushed the bank into the red for the third quarter and have likely eliminated any savings from a cost-cutting plan.

Reuters

 

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