UBS Rogue Trader 1.5bn Sterling Losses
Published / Last Updated on 19/09/2011
UBS Rogue Trader 1.5bn Sterling Losses.
UBS, the Swiss banking giant has estimated losses at £1.5bn for unauthorised trading positions taken by alleged rogue trader Kweku Adoboli.
All of the losses relate to trades made in the past 3 months and the bank have now set up a special committee to investigate how it failed to pick up on the unauthorised trading.