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Kweku Adoboli

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  • Trader whose fraud cost UBS $2.3 billion freed from prison

    A former UBS trader convicted of a fraud that lost the Swiss bank 1.4 billion pounds ($2.3 billion) has been freed from prison after serving about half his seven-year sentence.
  • Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015

    Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015
    Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management. The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...