PPP KINGDOM

PPP KINGDOM

ROGUE TRADER STORY: UBS SHARES TANK AFTER BANK SAYS ROGUE TRADER LOST $2B

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UBS shares are diving after the bank unexpectedly has announced that a a rogue trader has cost it $2 billion.

The stock has fallen at one point by nearly 10%.

$2 billion pares in comparison to Kerveil at SocGen (over $5 billion, at a smaller bank), but it’s not nothing, and the backstory is sure to be interesting as always

http://www.businessinsider.com/rogue-trader-story-ubs-shares-tank-after-bank-says-rogue-trader-lost-it-2-billion-2011-9

Best Regards,

FINANCIAL WARRIOR

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