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Old 22.09.2011, 13:42
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Kweku Adoboli, the equities trader accused over the $2.3 billion losses at Swiss bank UBS, is "sorry beyond words", his lawyer said on Thursday, as he was remanded in custody and a new charge of fraud was added.

Read the full article: UBS trader 'sorry' for massive losses
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Old 22.09.2011, 16:44
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Re: UBS trader 'sorry' for massive losses

I should jolly well hope so, because of him many traders may not get a full bonus this year.

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Old 22.09.2011, 23:00
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Re: UBS trader 'sorry' for massive losses

.. unless the Swiss do the right thing
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Old 23.09.2011, 01:38
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Re: UBS trader 'sorry' for massive losses

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.. unless the Swiss do the right thing
Hah - I just logged on to post the exact same link!


I doubt that the Swiss public would be dumb enough for fall for it though ... if it were the UK taxpayer and a British bank it would be an entirely different proposition.

Of course, in that case they wouldn't even get the choice as the puppets in power would take it upon themselves to "do the right thing" (for banksters bonuses) with taxpayer cash. Even then the public would be too engrossed in the X-factor, soap operas, the Cheryl Cole saga and the premier league to really think about it.
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Old 23.09.2011, 07:57
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Re: UBS trader 'sorry' for massive losses

I for one will thank all the rogue traders if this leads to UBS giving up on (or at least splitting) investment banking...
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