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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UBS pays to unblock its toilets using €500 notes that are currently blocking its toilets

UBS pays to unblock its toilets using €500 notes that are currently blocking its toilets

  Swiss bank UBS will pay to unblock the toilets at one of its branches using wads of Euro banknotes that are currently blocking the toilets in question.   Tens of thousands in 500 Euro banknotes are currently clogging up the sewer system around the branch in Geneva, but executives at the bank are relieved…

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