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UBS bank scandal! Operations authorized $ 10 billion
Growing things emerge out at Swiss bank UBS? It was agreed that the trader Kweku Adoboli, accused of fraud that cost two billion Swiss bank, made unauthorized transactions worth 10 billion dollars. Two sources said UBS bank discovered Friday evening operations of $ 10 billion, five times higher than losses, and liquidated them, according to British media, quoted by Mediafax. General Director of UBS, Gruebe Oswald was ordered to resign by members of the Social Democratic Party. But he reckons that the applications are purely political and not thinking of leaving the bank management. He said he takes responsibility for everything that happens in the bank, but that does not feel guilty, and the decision to be changed depending on the board of the bank belongs. UBS, the largest Swiss bank, revealed Thursday that he was the victim of a trader fraud, which caused losses of two billion dollars (1.5 billion euros). The suspect, Kweku Adoboli who perform in London with complex financial products operations, was arrested and charged Friday for abuse and fraud in the accounting function. Regulators of financial markets in Switzerland and Britain announced they have opened independent investigations in this case.
