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

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Ex-UBS trader Adoboli convicted of $2.3 billion fraud

Kweku Adoboli

Former UBS trader Kweku Adoboli was convicted on Tuesday of one count of fraud related to a loss of $2.3 billion.

 

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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