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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