From The G-Man: UBS: Rogue Trader Causes $2B Loss

Friday, September 16, 2011

UBS: Rogue Trader Causes $2B Loss

UBS says a rogue trader lost it $2 billion in an unauthorized dealing. The bank has been placed on review for downgrade by Moody's.

Sources:CBS News Financial Times CNBC euronews Bloomberg The New York Times

Watch video: http://www.newsy.com/videos/ubs-rogue-trader-causes-2b-loss/

By Wen Yan

Anchor: Christina Hartman

Link provided by Newsy.com

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