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Rogue Trader

Hey, Don't Blame Us

Reuters | Posted 02.13.2014 | Business

By Jonathan Stempel NEW YORK, Dec 13 (Reuters) - U.S. securities laws have their limits and do not justify making UBS AG liable to sha...

'Rogue Trader' Found Guilty Of Fraud

Reuters | Posted 01.20.2013 | Business

* Adoboli convicted of fraud, acquitted of false accounting * Case is biggest fraud in British history * Ex-trader likel...

'As Long As He Generated Profits They Were Happy, And When It Finished In The End In Catastrophe They Put Him In Prison'

Reuters | Posted 12.31.2012 | Business

(Recasts with end of Wednesday's hearing) * Everything was to generate profits, Adoboli says * Trader is blamed for loss...

'Rogue Trader' Colleague Admits He Was Cooking The Books

Reuters | Posted 11.27.2012 | Business

LONDON, Sept 27 (Reuters) - A former UBS trader who worked closely with accused fraudster Kweku Adoboli told a London court on Thursday he had manip...

'Rogue Trader' Lawyer: Major Bank Ignored Rules In Name Of Profit

Reuters | Posted 11.20.2012 | Business

* Adoboli's defence lawyer turns tables on UBS * Says evidence suggests risk limits were not enforced * In emotional ses...

'Rogue' Trader Allegedly Caused 'Chaos And Disaster To Himself And To All Those Around Him'

Reuters | Posted 11.14.2012 | Business

By Estelle Shirbon and Michael Holden LONDON, Sept 14 (Reuters) - "Naked gambling" by UBS trader Kweku Adoboli nearly brought down th...

Claim That 1 In 10 Wall Street Employees Is A Psychopath Is Disputed [UPDATE]

The Huffington Post | Editor's Note | Posted 05.23.2012 | Business

An article that appeared on The Huffington Post on February 28, 2012, "One Out Of Every Ten Wall Street Employees Is A Psychopath, Say Researchers," w...

2012 Predictions: What to Expect in Capital Markets

John Bates | Posted 02.12.2012 | Business
John Bates

Here are nine capital markets predictions for 2012.

Michael Martin's Inner Voice

Willow Bay | Posted 12.12.2011 | Business
Willow Bay

Commodities trader Michael Martin's new book takes a candid look at the psychology of successful trading, with an emphasis on the "softer" side of the art of the deal.

The Strategy Of Rogue Traders

Jared Dillian | Posted 11.20.2011 | Home
Jared Dillian

I was an ETF trader at Lehman Brothers, so I had the same job as Kweku Adoboli, the UBS trader arrested recently for concealing $2 billion in losses. And I gotta tell you: it is hard to go rogue in the electronic age.

Rogue Trader Fallout: UBS Starts Internal Probe Into $2.3 Billion Loss

Posted 11.19.2011 | Business

ZURICH (Reuters) - UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss...

Wall St. Regulator: Suspicious Trade Complaints 'Spiked,' This Year

Posted 11.16.2011 | Business

A Wall Street regulator said industry complaints about market manipulation and trade reporting have spiked this year, raising questions about the adeq...

Make It So: Get a Grip on Risk and Surveillance (Lessons Learned From UBS)

John Bates | Posted 11.16.2011 | Business
John Bates

It is not only rogues and scoundrels that banks need to be aware of. Trading positions that push firms beyond a safe risk threshold are a classic problem.

Rogue Trader Loses Swiss Bank $2 Billion

Posted 11.15.2011 | Business

Swiss bank UBS said a rogue trader had lost it $2 billion in unauthorized dealing, and police in London arrested a man in connection with the case. ...

Jerome Kerviel, Alleged Rogue Trader, Got "Orgasmic Pleasure" From Playing The Market

The Independent | John Lichfield | Posted 05.25.2011 | World

The five billion euros man, Jérôme Kerviel, stepped involuntarily out of the shadows yesterday, 12 months after he became the most talked about, and...