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How UBS Lost $2 Billion http://archivestrader.com/business-news-2/how-ubs-lost-2-billion/ http://archivestrader.com/business-news-2/how-ubs-lost-2-billion/#comments Thu, 15 Sep 2011 09:56:00 +0000 Constantine Njeru http://archivestrader.com/?p=1314 How UBS Lost $2 Billion is a post from: Daily Investment Tips

]]> Switzerland’s UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.

The company did not release the name of the rogue trader. The company only said the matter is still being investigated. AP news is reporting Police in London have arrested a 31-year-old UBS trader, Kweku Adoboli, in the alleged fraud.

We can only wait to know whether Kweku will be joining the following infamous list of rogue traders:-

Jerome Kerviel – Former Societe Generale trader

Evan Dooley – Former MF Global trader

Steve Perkins – former oli trader at PVM Oil Futures

David Redmond – Former Morgan Stanley trader

Joseph Jett – former top Kidder Peabody bond trader

As for now, UBS has yet to confirm whether Kweku is the rogue trader.

How UBS Lost $2 Billion is a post from: Daily Investment Tips

]]> http://archivestrader.com/business-news-2/how-ubs-lost-2-billion/feed/ 0 Investing School : Bernard Maddof Investing School http://archivestrader.com/investing-wisdom/investing-school-bernard-maddof-investing-school/ http://archivestrader.com/investing-wisdom/investing-school-bernard-maddof-investing-school/#comments Thu, 25 Jun 2009 14:39:27 +0000 Constantine Njeru http://archivestrader.com/?p=7 Investing School : Bernard Maddof Investing School is a post from: Daily Investment Tips

]]> Investing school or class you attend will determine your success or failure. Maddof created the largest fraud in history, the question is where did the guy learn how to do what he did.

This cartoon tells it all

madoff

Investing School : Bernard Maddof Investing School is a post from: Daily Investment Tips

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