UBS shares recover

UBS shares have recouped some of the losses they suffered in the wake of the Swiss bank’s announcement that it suffered a €1.48bn loss due to alleged rogue trading.

UBS shares recover
Fri, 16 Sep, 2011 - 10:14

UBS shares have recouped some of the losses they suffered in the wake of the Swiss bank’s announcement that it suffered a €1.48bn loss due to alleged rogue trading.

Its share price is 2% higher early today following its 10% slump on Thursday after it revealed that a single trader had caused the loss. Police in London arrested 31-year-old equities trader Kweku Adoboli.

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CourtsBusinessHeathrowPlace: LondonPerson: Kweku AdoboliOrganisation: UBSOrganisation: Swiss bankOrganisation: Tages-Anzeiger
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