UBS rogue trader Kweku Adoboli loses over $2billion of his employer’s money

UBS rogue trader Kweku Adoboli loses over $2billion of his employer’s money

The Swiss investment bank UBS lost more than $2billion when one of its employees performed a series of unauthorised trades. Kweku Adoboli was a director of the bank’s Global Synthetic Equities Trading team at its London offices, and was sentenced to seven years imprisonment for fraud as a result of his crimes. The rogue trader…

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Church of England sets up its own stock broking division

Church of England sets up its own stock broking division

  The Church of England has set up its own stock broking division after recent investment successes placed it in the top ranks of the world’s best performing financial players.   The Church has returned 9.6% a year for the past 30 years on average and cites divine intervention as the main reason for its…

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Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

  Bank of America’s mortgage business lost over $50 billion since the purchase of Countrywide Financial for $2.5 billion back in 2008.   The then Bank of America CEO Ken Lewis said it was a rare chance to become No. 1 in the home loans marketplace. Instead the bank’s shareholders have spent the majority of…

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Which office department should you really be working in?

Which office department should you really be working in?

  Modern office life is generally underpinned by gross inefficiency and ineptitude. In his book The Peter Principle, Lawrence Peter investigates the idea that most organisations are staffed by people that are fundamentally ill-equipped to do the job they are paid for. We therefore spend the majority of our conscious lives working in roles that…

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