UBS fined £29.7m by FSA over Kweku Adoboli case

Started by Glory Skales Charity, Nov 26, 2012, 04:38 PM

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Glory Skales Charity

Nov 26, 2012, 04:38 PM
The financial services authority FSA has fined UBS £29.7m ($47.6m) for failings that led to trader Kweku Adoboli losing £1.4bn.
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The fine, the third largest imposed by the FSA, was for ''system and control failings'' that allowed him to trade in London well beyond authorised limits.
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