UBS trader in $2 bln loss on unauthorised trade

Publish date: Thu, 15 Sep 2011, 02:34 PM
ZURICH: Switzerland's UBS said on Thursday, Sept 15 it had discovered that unauthorized trading by a trader in its investment bank has caused a loss of some $2 billion.

"It is possible that this could lead UBS to report a loss for the third quarter of 2011. No client positions were affected," the bank said in a brief statement just before the stock market opened.

UBS shares immediately tumbled 8 percent. - Reuters



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stephenlee

hahaha....Dow Jones may fall tonight.

2011-09-15 18:06

Ad Edward

you r wrong????/

2011-09-17 13:20

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