15th September 2011
On the anniversary of the Lehmans collapse , another rogue trader is discovered at investment bank UBS.
Allegations of unauthorised trading costing in the region of $2bn have been circling the square mile this morning and police confirmed they made an arrest of a man on suspicion of fraud this morning.
Casino banking has been a big headline since the €4.9bn euros loss at Societe Generale in 2008 and this discovery just confirms that any improvements in risk laws are not prevalent at all investment banks. Roll the dice , try your luck.
Posted by Andrew Johnston
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