A FEW days ago Kweku Adoboli, a former trader at UBS, discovered what it meant to have caused a $2.3 billion loss: he was convicted on two counts of fraud and faces up to seven years in prison. Now the bank has to digest repercussions of its own: regulators in Britain, where the losses were incurred, and Switzerland are sticking it to the firm.
Schumpeter | UBS’s rogue trader
Collective responsibility
After the verdict against Kwekuu Adoboli, the Swiss bank now faces some repercussions of its own
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