Geneva (ap)-ubs in Friday's pressure to explain, its managers to failed to catch a rogue trading loss of $2 billion for the Swiss bank's ability to turn its scandals of the experts, the image of the question.
As police in London for 12 hours to extend the problem as a legendary Swiss banking financial institutions and the traders, 31, of this year old customers Kweku Adob oli, bank investors and relevant industry about consequences don't know widely, both for ubs.
Tip: this site to prevent appear vulgar content, the user comments and upload to review this site only after the game show, thank you.in its third quarter red performance. Ubs credit rating moody's, a rating agency may be demoted examination, the reason is in its headquarters in London of the future of the invested entity anxiety.
Ubs shares ended the day before recover, they suffered losses of a small part. Investors took the opportunity to buy cheap stock, ubs rose 2.5%, its price by noon 10 Swiss francs Zurich exchange ($15 points to points at). Share prices have dropped 10% of the day before, a lonely employees caused great loss and unauthorized after the deal, the bank said.
The Swiss media questioned how to manage one of traders can ubs sooner or later to his side other people to pay attention to not cause a loss of 2 billion dollars. The respect professor Hans cover of banking told Swiss television SF, he suspected the lonely put forward by UBS traders account.
Police in London to continue its Adoboli trial. Usually, the police can't no pressing charges suspect than 24 hours. But according to the British law, a police can extend to 36 hours for serious crimes 24 hours of detention period. Later, the police will need to get the court order, continue to question can amount to 96 hours.
Ubs spokesman andreas kern refused to comment on the Swiss newspaper last Friday in the report, "the daily report accused unauthorized transactions occurred in London the whole transaction team has suspended.
Kern, said last month has announced plans to save about 200 million francs, in the next two years, part of some 1600 jobs to reduce paper of fresh cut investment bank report said.
International banking has been trying to put its in 2008 of the scandal at societe generale trader Jerome Kerviel light euro4.9 $to lose $6.7 billion (us $), and Nick allison notorious cases of traders, wake up more strict control make so many unauthorized trading in 1995, it caused the British bank barings bank collapses.
Chief executive Oswald Gruebel is two years ago in a series of mistakes, including subprime mortgage market and an embarrassing American tax evasion of huge losses in the recovery bank reputation.
The scandal make people suspected of his ability, improve the image of the bank.
Thursday night on the review a possible relegation ubs credit rating, moody's rating agency cited such concerns.
Although say $2 billion loss will be a management a bank ubs's size, they "questioned the group has the ability to successfully complete the reconstruction its investment banking business."




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