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.
UBS on Review for Moody’s Downgrade
The same day the $2 billion loss hit the news, the firm was placed on review by Moody’s Investors Service for possible downgrade over its risk control measures.
UBS Loses $2 Billion to Rogue Trader
A rogue trader could be responsible for Switzerland’s biggest bank failing to be profitable in the third quarter, after he managed to siphon off $2 billion in unauthorized trading.