Rogue Trader Costs UBS $2 Billion

UBS AG, Switzerland`s largest bank, discovered on Thursday that a rogue trader had caused a $2 billion loss for the company.
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/125019530.jpg" alt="A logo of the Swiss banking giant UBS is seen at its main headquarters on September 15, 2011 in the center of Zurich. UBS revealed that a rogue trader had lost an estimated $2.0 billion (1.46 billion euros) in unauthorised trades, and that it may plunge into the red as a result. (FABRICE COFFRINI/AFP/Getty Images)" title="A logo of the Swiss banking giant UBS is seen at its main headquarters on September 15, 2011 in the center of Zurich. UBS revealed that a rogue trader had lost an estimated $2.0 billion (1.46 billion euros) in unauthorised trades, and that it may plunge into the red as a result. (FABRICE COFFRINI/AFP/Getty Images)" width="575" class="size-medium wp-image-1797676"/></a>
A logo of the Swiss banking giant UBS is seen at its main headquarters on September 15, 2011 in the center of Zurich. UBS revealed that a rogue trader had lost an estimated $2.0 billion (1.46 billion euros) in unauthorised trades, and that it may plunge into the red as a result. (FABRICE COFFRINI/AFP/Getty Images)
Caroline Dobson
Caroline Dobson
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