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UBS Rogue Trader: Are New Rules Needed? |
September 19, 2011
After a securities trader was arrested and charged last week in London in connection with $2 billion in rogue trades at Swiss bank UBS, analysts have warned that more regulation is pounding its fist on bank doors. With already fragile confidence in UBS, Switzerland's largest bank, critics point to the fact that UBS was the beneficiary of a bailout on the other side of the Atlantic.
http://feeds.abcnews.com/click.phdo?i=0625c93c9e4747a5a96dff8697b905a4
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