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Unathorised Trader loses UBS $2 BILLION

 
Luna
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User ID: 1550757
Spain
09/15/2011 03:35 AM
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Unathorised Trader loses UBS $2 BILLION
Wow! Unauthorised (rogue?) trader has lost UBS $2 BILLION. UBS are saying no client accounts are affected and information is still coming out.

Bank to bank lending was already drying up so goodness knows what effect this will have.