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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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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Posted on September 18, 2011, in Video and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

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