UBS starts probe into $2.3 billion rogue trade loss

Started by Reuters, Sep 19, 2011, 07:02 PM

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Reuters

Sep 19, 2011, 07:02 PM
ZURICH (Reuters) - UBS has kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss bank $2.3 billion, raising the pressure on top management.

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