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(Image from article: "UBS CEO not resigning, loss mounts to $2.3 billion")

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Prison, $7 billion fine for French rogue trader

Rogue Trader

The Paris appeals court on Wednesday ordered former Societe Generale trader Jerome Kerviel to spend three years in prison and pay back a staggering (EURO)4.9 billion (about $7 billion) in damages for one of the biggest trading frauds in history....

 

UBS CEO not resigning, loss mounts to $2.3 billion

UBS CEO not resigning, loss mounts to $2.3 billion

Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking giant raised its estimated loss by a rogue trader to $2.3 billion.

 

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