Thursday, September 15, 2011

9/15/2011 - UBS Says Rogue Trading Cost It $2B


UBS Says Rogue Trading Cost It $2B

By Tom Steinert-Threlkeld
A 31-year-old trader is arrested in the middle of the night in London. A third quarter loss is expected. The loss comes just after UBS cut 3,500 jobs to save $2.3 billion.



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