Rogue trader: UBS unexpected 2 billion dollar loss

15th September 2011, Comments 0 comments ZURICH AND BASEL, SWITZERLAND In a short, last-minute statement Switzerland’s largest bank UBS says it has “discovered a loss due to unauthorized trading [...] in the range of 2 billion US dollars. The UBS statement released to the media on 15 September says the loss happened due to “unauthorized trading by a trader in [...]

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