UBS Drops $2 Billion To A Rogue Trader

UBS

London (CNN) -- Police in London were on Friday questioning a suspected rogue trader arrested after Swiss banking giant UBS discovered an estimated $2 billion worth of unauthorised deals.

The man -- named by British media as UBS trader Kweku Adoboli -- was held on suspicion of fraud in an early-morning operation in London's banking district hours before the loss was announced on Thursday, officers said.

Get the complete story at CNN.
 
   Forexturtleon

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