Thursday, September 15, 2011

Britain today - Swiss bank UBS 32 year old London based trader Kweku Adoboli arrested at 3 am this morning

Published on Sep 15, 2011 by
Police in London have arrested a 31-year-old man after the Swiss bank UBS announced they had lost 1.5 billion euros through unauthorised dealing.




He has been named as Kweku Adoboli, who is described in an internet profile as a director of exchange traded funds in its London office.




The bank's website announced the loss just before trading opened, and its shares plummeted eight per cent.

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