Home : September 2011 : September 16, 2011 News : UBS Rogue Trader Causes $2 Billion Loss

UBS Rogue Trader Causes $2 Billion Loss

September 16, 2011

A UBS employee was arrested this morning by London police in connection with a $2 billion rogue trade at the Swiss bank UBS. A 31-year old man named Kweku Adoboli was arrested at 3:30AM this morning on suspicion of fraud and is in police custody, according to the British newswires of the Press Association.

http://feeds.abcnews.com/click.phdo?i=4cc9dadf62adfce261dd52b9dc97af00
Other Stories