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The loss to UBS was described as "manageable" although it might cause UBS to report a net loss in the following financial quarter. The bank's net earnings for the year ending June 2011 were $6.4 billion [13] with a gross profit of approximately $1.1 billion reported by UBS for the third quarter of 2011.
This article has been adapted from our sister site across the pond, Fool U.K . With French banks taking a beating on fears of their exposure to eurozone debt, and the European Central Bank ...
History is full of bad trades, from the UBS (NYS: UBS) rogue trader that lost $2.3 billion to Long-Term Capital Management's failed arbitrage plays. While Netflix's (NAS: NFLX) badly timed ...
The Better Business Bureau just released some good news: In 2011, consumers consulted the BBB far more often than they did the year before, and they lodged fewer complaints. Surely that's a sign ...
Oswald Jürgen Grübel (born November 23, 1943) is a German banker who was the group chief executive officer of Swiss bank UBS AG from 26 February 2009 until his sudden resignation on the 24 September 2011 in the wake of the 2011 UBS rogue trader scandal. [2] Previously, he has been head of Credit Suisse between 2003 and 2007. [3]
Rogue trader * List of trading losses; 0–9. 2012 JPMorgan Chase trading loss; A. 2011 UBS rogue trader scandal; Kweku Adoboli; Armin S. C. Robert Citron; H. Yasuo ...