In economic news, the Swiss banking giant UBS is now saying it lost close to $2.3 billion because of unauthorized trades committed by a single rogue equity trader based in London. On Friday, the UBS employee Kweku Adoboli was charged in London with fraud and false accounting dating back to 2008.
Banking Giant UBS Loses $2.3 Billion in Unauthorized Trades
HeadlineSep 19, 2011
Top