Rogue Trader’s Financial Toll on UBS Increases

Swiss bank UBS AG revised the initial toll of losses from 31-year-old trader Kweku Adoboli, to a possible $2.3 billion.
|Updated:

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/125272132.jpg" alt="UBS trader Kweku Adoboli (L) is led into a prison van as he leaves City of London Magistrates Court in London, on Sept. 16. Adoboli allegedly engaged in unauthorized trades, losing the bank in excess of $2.3 billion. (Adrian Dennis/AFP/Getty Images)" title="UBS trader Kweku Adoboli (L) is led into a prison van as he leaves City of London Magistrates Court in London, on Sept. 16. Adoboli allegedly engaged in unauthorized trades, losing the bank in excess of $2.3 billion. (Adrian Dennis/AFP/Getty Images)" width="275" class="size-medium wp-image-1797591"/></a>
UBS trader Kweku Adoboli (L) is led into a prison van as he leaves City of London Magistrates Court in London, on Sept. 16. Adoboli allegedly engaged in unauthorized trades, losing the bank in excess of $2.3 billion. (Adrian Dennis/AFP/Getty Images)
Caroline Dobson
Caroline Dobson
Author