Adoboli, Former UBS Trader, Pleads Not Guilty
Kweku Adoboli, the former UBS trader arrested in September over losses of $2.3 billion, pleaded not guilty to all charges on Monday at a London hearing.
UBS to Trim Investment Bank, Emphasize Wealth Management
UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.
UBS to Trim, Not Sell, Investment Bank, Report Says
As further details emerge regarding its recent $2.3 billion trading loss, UBS interim CEO Sergio Ermotti has decided against spinning off or selling the investment bank and, instead, plans to reduce its size, especially in its fixed-income work.
UBS’ CEO Resigns, Replaced by Former Merrill Exec
Ermotti fills in for Grübel as rival broker-dealers and recruiters lick their chops, in anticipation of a possible sale and the expectation that more advisors will leave
UBS Trader Kweku Adoboli Hires Lawyers of Nick Leeson, Rogue ’90s Trader
UBS trader Kweku Adoboli was charged Friday with engaging in fraud and false accounting since 2008, and hired the lawyers who represented rogue trader Nick Leeson to defend him.