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UBS Trader in $2 Billion Loss on Unauthorized Trade
Started:September 15th, 2011 (05:00 AM) by Quick Summary Views / Replies:642 / 2
Last Reply:September 19th, 2011 (11:52 AM) Attachments:0

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UBS Trader in $2 Billion Loss on Unauthorized Trade

Old September 15th, 2011, 05:00 AM   #1 (permalink)
Quick Summary
UBS Trader in $2 Billion Loss on Unauthorized Trade

Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.

More on CNBC...

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Old September 15th, 2011, 12:18 PM   #2 (permalink)
Elite Member
london, UK
Futures Experience: Beginner
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Favorite Futures: TR909
Posts: 57 since Aug 2010
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he's on twitter

the guy is tweeting from his cell.


Has a good sense of humour for someone facing long jail time.

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Old September 19th, 2011, 11:52 AM   #3 (permalink)
Membership Permanently Revoked
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Posts: 1,176 since Nov 2009
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white collar crime... the jail is usually a picnic.. depending on the country of course..

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