herald

Tuesday 18 December 2018

UBS final loss €1.6bn

SWISS bank UBS predicts the final tally after rogue equity trading would cost the company $2.3bn (€1.6bn)

UBS stunned markets last Thursday when it announced unauthorised trades had lost it some $2bn but now this figure has been pushed up.

London trader Kweku Adoboli was charged on Friday with fraud and false accounting dating back to 2008.

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