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Rogue Trader Loses $2 Billion at UBS
Exchange-traded fun
Rogue Trader Loses $2 Billion at UBS
Swiss banking giant UBS said today that one of its traders racked up about $2 billion in losses from unauthorized trades. The London-based trader, 31-year-old Kweku Adoboli, worked on the exchange-traded funds desk and has been arrested on suspicion of fraud.
9/15/11 4:58pm ET - The Wall Street Journal
 
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