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Old 19.09.2011, 11:52
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Swiss banking giant UBS on Sunday revised losses due to rogue trading upwards to $2.3 billion but the bank's chief executive insisted he would not resign, saying he bore no guilt.

Read the full article: UBS revises rogue trading loss upwards
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Old 19.09.2011, 12:51
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Re: UBS revises rogue trading loss upwards

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Swiss banking giant UBS on Sunday revised losses due to rogue trading upwards to $2.3 billion but the bank's chief executive insisted he would not resign, saying he bore no guilt.

Read the full article: UBS revises rogue trading loss upwards
It was discussed yesterday, it's old news.
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Old 19.09.2011, 13:58
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Re: UBS revises rogue trading loss upwards

and that, by the way, is perfectly standard business practice...

once you are forced to identify a fraud, you try and tag on as many bad news as you can sweep up, and get them out in one swoop.
 




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