How Did the UBS Rogue Trader Lose $2 Billion? – CNBC

The news that rogue trader Kweku Adoboli lost $2 billion for UBS has many on Wall Street wondering exactly how he managed to put that much at risk, and what the losing trade or trades.

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How Did the UBS Rogue Trader Lose $2 Billion? -…, posted with vodpod

Strange Random Trader Quote:

“A new breed of broker making $300,000 a year in London, hot traders [who] are likely to be thirtyish, a bit cheeky and more interested in piling up commissions than meeting club cronies for a late afternoon brandy at Boodle’s or White’s.” – Steve Lohr

 

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• Another Huge Embarrassment For UBS In The Rogue Trader Scandal (UBS) (articles.businessinsider.com)
• Who Is UBS ‘Rogue Trader’ Kweku Adoboli? (theroot.com)
• You’re Only A Rogue If You Lose Money (npr.org)
• IT Could Have Caught $2 Billion Rogue Trader (news.slashdot.org)
• UBS rogue trade – call the cops (ftalphaville.ft.com)