iOS app Android app

Ubs 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's Bank Fined For Allowing Him To Screw Up

AP | Posted 01.25.2013 | Business

LONDON (AP) — Britain's financial regulator has fined UBS AG for failures which allowed a rogue trader to lose $2.3 billion in the country's biggest...

The Super-Rich Are Panicking Over The Fiscal Cliff

The Huffington Post | Jillian Berman | Posted 11.20.2012 | Business

Now Arriving By Email: If you'd like this newsletter delivered daily to your email inbox, then please just feed your email address to the thin box ove...

'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 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...

JPMorgan Whale Fail And Nine Other Big Bank Disasters

Posted 05.11.2012 | Business

Officials at JPMorgan Chase announced Thursday that the bank lost billions of dollars on "egregious" credit trades gone wrong. But the bank was ce...

After Rogue Trader, UBS Profit Plunges

AP | By JOHN HEILPRIN | Posted 12.25.2011 | Business

GENEVA -- Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading ...

Loss From Bank Giant's Scandal Reaches $2.3 Billion

AP | FRANK JORDANS | Posted 11.18.2011 | Business

GENEVA — Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking...

Suspected Rogue Trader's Family: 'Fraud Not Our Way Of Life'

Posted 11.15.2011 | Business

ACCRA (Reuters) - The father of a trader accused of losing Swiss banking giant UBS about $2 billion in unauthorized deals said on Thursday he was ...