UBS TRADING LOSS

  • Indian outsourcing failure blamed for $2.3 bn loss by UBS trader November 27, 2012

    London/Zurich: Key controls for "detection of suspicious trading activity" failed at an India outsourcing unit, contributing to $ 2.3billion loss caused by a rogue trader of global banking giant UBS, a joint probe by British and Swiss regulators has found. This is the third instance when outsourcing of key oversight...