Summary
The arrest yesterday of a man allegedly responsible for a [pounds]1.3bn loss at Swiss bank UBS is just the latest in a string of high-profile rogue trader cases. Stuart Arnold reports
IT'S unthinkable to most of us, but a few select individuals gamble with hundreds of millions - or even billions - of pounds every day. They are traders on the world's financial markets, working for banks and other institutions, who with just a few phone calls or even the press of a keyboard key can make or break a company's fiscal fortunes.See the full content of this document
Extract
Risky Business
By and large, the public doesn't get to hear about the vast majority of these deals. It is only when losses so huge as to be catastrophic are made - by those who don't play by the rules - that they make the headlines.
They are t...See the full content of this document
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