Published on Sep 15, 2011 by Euronews
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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