Financial Markets
3 months ago
Convicted UBS trader Kweku Adoboli asked a British appeals court to overturn his seven-year prison sentence for causing a $2.3bn loss through unauthorized trades.
Financial Markets
5 months ago
The top 1,500 bank staff in the UK earned an average of £1m each in 2011, according to new regulatory filings by major banking employers.
Financial Markets
5 months ago
And impacted the lives of hundreds, if not thousands, of people.
Financial Markets
6 months ago
Rogue trader Kweku Adoboli was not put under too much pressure to deliver profits, his former manager at UBS has told the BBC.
Financial Markets
6 months ago
Ronald Greenidge, the former UBS Managing Director fired for gross misconduct in his supervision of convicted trader Kweku Adoboli, has sued the bank claiming it treated him more harshly than others because he’s black.
Financial Markets
6 months ago
Only an almighty failure of control at UBS could have allowed Kweku Adoboli to lose $2.3bn (£1.4bn) via rogue trading and, sure enough, the details within the Financial Services Authority's report are damning.
Financial Markets
6 months ago
UBS was fined $47.6m by the U.K. and told by the Swiss that it may have to increase capital levels for operational risks as regulators levied penalties in response to Kweku Adoboli’s $2.3bn trading loss.
Financial Markets
6 months ago
We all knew it was coming.
Financial Markets
6 months ago
Kweku Adoboli, the former UBS trader jailed over losing $2.3bn, said financial leaders including JPMorgan Chase CEO Jamie Dimon and former Barclays CEO Bob Diamond were better at making money because of risks taken earlier in their careers.