UBS Says It Had a $2 Billion Loss From Unauthorized Trading - BusinessWeek

UBS Says It Had a $2 Billion Loss From Unauthorized Trading - BusinessWeek:

The Guardian

UBS Says It Had a $2 Billion Loss From Unauthorized Trading
BusinessWeek
Sept. 15 (Bloomberg) -- UBS AG, Switzerland's biggest bank, may be unprofitable in the third quarter after a $2 billion loss from unauthorized trading at its investment bank. “UBS has discovered a loss due to unauthorized trading,” ...
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