Anyone remember Barings Bank and the rogue trader who brought it down, Nick Leeson?
Well he was surpassed by Kweku Adoboli who was jailed for 7 years last week for fraud and his employer, Swiss Bank UBS was fined over
I don't believe for one minute, that Kweku Adoboli carried on the way he did without the full knowledge of others at the bank. The other thing is, if he had made a profit no one would have been any of the wiser... Thanks, Barney
“...The other thing is, if he had made a profit no one would have been any of the wiser...” which begs the question, how many out there do! It's only the ones that get caught we seem to hear about 
“I don't believe for one minute, that Kweku Adoboli carried on the way he did without the full knowledge of others at the bank. The other thing is, if he had made a profit no one would have been any of the wiser...” Its shocking, well i have my doubts too ! JackD
How so? I took a read through, and from what I read it seemed like everyone knew what he was doing, the piece about carrying on until you get a slap on the wrist kinda proves that for me. Only it was one heck of a slap he got in the end. I found some more info about USB. It seems that this is not the first time they've been fined either. “In a damning report the FSA criticised UBS for failing to learn the lessons from 2009 when it was fined Thanks, Dreamraven |
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