UBS staff could see bonus cuts linked to trader’s loss
GenevaLunch News ZURICH, SWITZERLAND – Bonuses at Swiss bank UBS’s investment bank could be cut by up to 10 percent to help cover the CHF1.8 billion lost by rogue trader Kweku Adoboli earlier this...
View ArticleThe strange world of Kweku Adoboli
GenevaLunch News GENEVA, SWITZERLAND – Kweku Adoboli, the UBS trader who famously lost Swiss bank UBS CHF2.2 billion in unauthorized trading before he was arrested in September 2011 was sentenced to...
View ArticleUBS handed hefty UK fine and Swiss “corrective measures”
GenevaLunch News ZURICH, SWITZERLAND – London’s FSA financial regulator has fined UBS £29.7 million (CHF44.2m) for its failure to stop trader Kweku Adoboli before he lost the bank CHF2 billion. Finma,...
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