Rogue UBS Trader Loses $2B
A rogue trader at UBS has lost around $2 billion, the Swiss banking giant says. The unauthorized trades by a trader in its investment banking unit “could lead UBS to report a loss for the third quarter of 2011,” but “no client positions were affected,” the bank said in a…
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Rogue UBS Trader Loses $2B
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on September 15, 2011. Filed under News, World News.
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