Similar Stories to Swiss Bank Ubs Says Unauthorized Trading Causes $2 Billion Loss - Washington Post on Bing News

Globe and MailSwiss bank UBS says unauthorized trading causes $2 billion lossWashington PostBy AP, GENEVA — Swiss bank UBS AG says it has discovered that unauthorized trading by one of its staff has caused an estimated loss of $2 billion. The Zurich-based bank says the loss could cause it to report a loss for the third quarter.

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