London (AP)-in London in the city's financial district police have arrested a 31-year-old man in by UBS reported huge losses.
The city of London police said the man was arrested in connection with the crime of fraud, in Thursday morning at 3:30 abuse their powers. His name was not released.
Ubs said in the 20 th earlier, a rogue trader had caused $2 billion loss estimation, and warned that it can report the results for the third quarter loss.
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Geneva (AP)-UBS said on Thursday, a rogue trader has caused $2 billion in damage estimates of, and warned that it can serve as a result of the third quarter report the loss.
Announcement sent plummetting Swiss bank UBS AG) (the shares in Zurich exchange more than 8% in early trading. Through the mid-term morning shares were down by 5% to 10.38 Swiss francs (us $11.83).
The bank provide the little information about the incident, saying is still under investigation. But it says no client money affected.
It said in a statement that "ubs have found in its investment bank traders unauthorized transaction the loss," before the opening in the stock market.
"Ubs at present industry $2 billion in damage estimates of the range, it added." "This is possible, which may lead to ubs report loss in the third quarter of 2011."
A spokesman kaufman eve, declined to say whether the traders, based on unknown by bank employees for the criminal charges.
Thorn in Helvea a headquarters, located in London stock analysts say, the loss is Switzerland's largest bank, ubs financial management. But he said it is ubs and its management, supervision and heavy subprime losses, in the financial crisis and the recent an awkward American tax evasion case reputation blow.
Ubs is allegedly consists of a single rogue traders caused great loss is the most important.
France's second largest bank, societe generale, leng investors in 2008 revealed, the staff through a complex unauthorized trading scheme has lost $in the bank euro4.9 ($6.7 billion).
Terror hand, Jerome Kerviel, in October 2010, was convicted on charges of forgery, breach of trust and unauthorised computer back in use, covered up the value of nearly one hundred million yuan by the end of 2007 and early 2008, the betting euro50 between. He is also working in the financial industry, and lifelong ban, instruct pay he caused his employer lost a lot.




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