Swiss Bank Loses $2 Billion In Rogue Trades | WAMU 88.5 - American University Radio
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Swiss Bank Loses $2 Billion In Rogue Trades

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Police in London say a 31-year-old man has been arrested in connection with a huge trading loss at Switzerland's largest bank. UBS announced it had discovered a $2 billion loss due to unauthorized trading. The bank may have to report a loss for its third quarter as a result.

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