Trader quizzed over €1.48bn deals

A suspected rogue trader was being questioned today after Swiss banking giant UBS discovered €1.48bn worth of unauthorised deals.

Trader quizzed over €1.48bn deals
Fri, 16 Sep, 2011 - 09:13

A suspected rogue trader was being questioned today after Swiss banking giant UBS discovered €1.48bn worth of unauthorised deals.

The 31-year-old man, named by sources as Kweku Adoboli, was arrested at his desk by City of London Police at 3.30am yesterday on suspicion of fraud by abuse of position and remains in custody.

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CourtsBusinessHeathrowPlace: UKPlace: of LondonPlace: Tema, GhanaPlace: ShoreditchPlace: east LondonPlace: Finsbury AvenuePlace: USPerson: Kweku AdoboliPerson: Oswald GruebelPerson: Ian DysonPerson: AdoboliPerson: John AdoboliPerson: Philip OctavePerson: Louise CooperPerson: GruebelPerson: Jerome KervielPerson: KervielPerson: Nick LeesonPerson: Yasuo “Mr Copper” HamanakaOrganisation: UBSOrganisation: City of London PoliceOrganisation: Exchange Traded FundsOrganisation: ETFOrganisation: Delta-1 TradingOrganisation: UBS Investment BankOrganisation: LinkedinOrganisation: University of NottinghamOrganisation: Financial Services AuthorityOrganisation: BGC PartnersOrganisation: Swiss National BankOrganisation: SNBOrganisation: Societe GeneraleOrganisation: Barings bankOrganisation: Lehman Brothers
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