UBS have "Lost" $2 BILLION in Rogue Trader

[Mega]

http://www.telegraph.co.uk/finance/n...loses-2bn.html

Talk round the camp fire is he was short Silver!
Mike

[unlucky]

Re: UBS have "Lost" $2 BILLION in Rogue Trader

http://www.telegraph.co.uk/finance/n...loses-2bn.html

Talk round the camp fire is he was short Silver!
Mike

Deja vu all over again. The term "rogue trader" should be banned. What actually happened:

1. Some poor schmuck of a trader in UBS lost 2 billion.
2. Management discovered that he hadn't dotted all his i's and crossed all his t's.
3. So they denied responsibility.

[lektrode]

Re: UBS have "Lost" $2 BILLION in Rogue Trader

Deja vu all over again. ...
3. So they denied responsibility.

yeah but... is this a 'swan' ?