UBS unveils unauthorised trades bring $US2bn losses
- September 15, 2011 6:00 pm - Posted by: Staff
UBS AG today warned it was likely to post a third-quarter loss due to unauthorised trades at its investment bank, where a trader racked up as much as $US2 billion ($1.94bn) in losses through trades that had not been authorised.
Source: www.theaustralian.com.au
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