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發表於 2011-9-15 15:32:02
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UBS Made Trading Loss of $2 Billion on Unauthorized Trading
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By Paul Verschuur - Sep 15, 2011 3:10 PM GMT+0800
UBS AG (UBSN), Switzerland’s biggest bank, said it had a trading loss of about $2 billion because of unauthorized trading at its investment bank.
UBS fell as much as 9.6 percent in Swiss trading after saying it may book a loss in the third quarter of 2011 as a result. No client positions were affected, the Zurich-based bank said in a statement today.
“UBS has discovered a loss due to unauthorized trading by a trader in its investment bank,” UBS said in the statement. “The matter is still being investigated, but UBS’s current estimate of the loss on the trades is in the range of $2 billion.”
To contact the editor responsible for this story: Paul Verschuur at [email protected]
To contact the editor responsible for this story: Frank Connelly at [email protected] |
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