UBS rogue-trading losses reopen old wounds
The $2 billion loss, a second public incident in three years, undermines faith in UBS's internal controls
The news that a single rogue trader, named in the media as Kweku Adoboli, had lost UBS's investment bank an estimated $2 billion will call into question whether the bank has responded adequately to previous rogue-trading cases.
Adoboli, a director in the bank's European exchange-traded fund (ETF) and delta one trading team in London, was reportedly arrested today by London police on charges of
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