Sad to report but a Ghanian working at one of the biggest Swiss Banks in the world UBS has been arrested today in London.

Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades.

Switzerland’s largest bank warned that it could report a loss for the entire third quarter as a result of the rogue trade, sending its shares plummeting.

It is a shame to see an African allegedly involved or associated with something of this nature.

 

 

3 Responses

  1. DELE

    IF THE DEAL WENT IN THEIR FAVOUR THEY WONT REMEMBER THAT HE WASNT AUTHORISED TO TRADE.. I DONT FEEL HE SHOULD BE ARRESTED

    Reply
  2. AKIN

    Where my naija guys? This kinda news used to be the preserve of Nigerians. Why r we allowing Ghana take the shine off us? Lmao!

    Reply
  3. noerthernlight

    same as with jerome: when it goes well they are all smiles and when it goes sour they gotta find a scapegoat.

    Reply

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