Tag Archives: UBS

Sorry or just plain scared?…Trader fails to even apply for bail

The 31-year-old, who holds a Ghanaian passport, didn’t apply for bail when he appeared at a magistrates court in London. Prosecutor David Levy said the alleged loss may exceed $2.3 billion.  Click here to read Advertisements

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The Audacity of Global Economic Delusion

UBS is the world’s largest private wealth manager. It sent out a letter to clients at the weekend attempting to offer reassurances. “We fully understand that this incident has caused you concern. We too are very disappointed, and we assure … Continue reading

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Rogue Trading is Stealing (a.k.a. Stealin’)

The estimated $2bn allegedly dropped by trader Kweku Adoboli at Swiss bank UBS is certainly at the top end of the rogue trading Richter scale.  Why does it keep happening?   And how do they do it? Click here to read…

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