Rogue trader costs Swiss bank $2bn

Swiss banking group UBS today revealed a rogue trader had cost it an estimated US$2bn (€1.45bn).

Thu, 15 Sep, 2011 - 09:56

Swiss banking group UBS today revealed a rogue trader had cost it an estimated US$2bn (€1.45bn).

The group said the unauthorised trading took place in its investment banking division.

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