Swiss bank UBS says a “rogue trader” in its investment bank has generated $2 billion in losses by making unauthorized trades. Kweku Adoboli, 31, was arrested this morning by police in London. Louise Cooper, analyst for BGC Partners, a firm specializing in financial services, talks about how this could have happened.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.