UBS hit by £1.3bn 'rogue trader' loss


Swiss bank UBS has admitted that it made a trading loss of around $2bn because of an unauthorised trade at its investment bank.

Police in London have arrested a 31-year-old man in connection with allegations of unauthorised trading that caused the loss.

Kweku Adoboli, believed to work in the European equities division, was detained in the early hours of Thursday and remains in custody.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.