Kweku Adoboli

There have been many egregious acts that have taken place throughout the history of the stock market – price manipulation, insider trading, ponzi schemes, securities fraud, etc., etc. It is hard to believe that in an industry with so much regulation and oversight such devious acts can occur....

How in the world did Kweku Adoboli, the London based rogue trader, manage to lose $2.3 billion for UBS, without the Swiss bank's risk management systems detecting his unauthorized activity? This is hard to believe, and the implications of this story are devastating for UBS (NYSE: UBS). According...

A UBS (NYSE: UBS) equity derivatives trader was charged last week with fraud and false accounting after disguising losses of $2.3 billion at the Swiss bank. Reports indicate that London based Kweku Adoboli, 31, racked up the staggering losses through a series of trades in S&P 500, DAX and...

Talk about bad news coming at an inopportune time...Swiss banking giant UBS (NYSE: UBS) revealed on Thursday that a rogue trader lost $2 billion for the firm through unauthorized trades. While the loss may not amount to a knockout punch, it is sure to sting the bank, which was already on the ropes...