World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Group
Swiss bank UBS's $2 billion loss in Sept 2011 from trades made at its London trading desk
09/16/2011
Kweku Adaboli 31, was a director of the Exchange Traded Funds (ETF) at UBS. He engaged in derivative trades for customers of UBS without following up with the normal hedging of risks assumed in the derivative trades. He did this for three years since 2008. He has a degree in computer science from the University of Nottingham, where he was hired by UBS. He was transferred to the trading desk after working in backoffice operations till 2008.
Grouped Articles
UBS Trader Charged With Fraud Appears in Court
Wall Street Journal 09.16.2011
UBS Losses Alter Regulation Debate
Wall Street Journal 09.16.2011
Wall Street Journal 09.17.2011
'Rogue' Trading Lasted 3 Years
Wall Street Journal 09.17.2011
Wall Street Journal 09.17.2011
Delta Desks Emerge as Mine Fields
Wall Street Journal 09.17.2011
UBS Rightly Puts ETFs in Spotlight
Wall Street Journal 09.17.2011
UBS Faces Questions After Trader Lost $2 Billion
New York Times 09.17.2011
Wall Street Journal 09.19.2011
Wall Street Journal 09.20.2011
Delta One Desks Are Big Money Makers
New York Times 09.20.2011
UBS Board to Focus on Postscandal Plan
Wall Street Journal 09.21.2011
Grubel Resigns at UBS After Adoboli Rogue Trading Scandal
New York Times 09.24.2011
At UBS, Itâs the Culture Thatâs Rogue
New York Times 09.23.2011
There are no rogue traders, there are only rogue banks - The Washington Post
Washington Post 09.25.2011
Resignation Brings Low a Swiss Banking Star
Wall Street Journal 09.24.2011
UBS Shareholders Push for Deeper Changes
Wall Street Journal 09.26.2011
Tough Chores Await the New UBS Chief
BusinessWeek 09.29.2011
UBS Equities Chiefs Resign in Wake of Scandal
Wall Street Journal 10.05.2011
UBS Scales Back Investment Bank
Wall Street Journal 11.18.2011
Chief Risk Officer Departs in UBS Shakeup
New York Times 12.02.2011
A Fight to Make Banks More Prudent
New York Times 12.20.2011
Red Flags said to Go Unheeded at Chase
New York Times 05.14.2012
Wall Street Journal 06.22.2012
UBS to Cut 10,000 Staff in Overhaul
Wall Street Journal 10.28.2012
UBS to Cut 10,000 Jobs in Major Overhaul
New York Times 10.30.2012
UBS Moves Quickly to Start Deep Job Cuts
Wall Street Journal 10.30.2012
Former UBS Trader: 'I Absolutely Lost Control'
Wall Street Journal 10.30.2012
UBS Tells Why it Cut Off a Limb
Wall Street Journal 11.12.2012
Autonomy Delivers Fresh Blow to London
Wall Street Journal 11.20.2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
