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

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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