Rogue Trader at UBS loses $2 billion. KehlBayern September 15, 2011 News 2 Comments Swiss bank UBS lost around $2 billion dollars due to the fraud of a rogue trader Kweku Adoboli. UBS is the largest bank in Switzerland and this scandal does nothing to assure investors and depositors of its oversight procedures. This latest rogue trader scandal comes a few years after Societe Generale’s Jerome Kerviel perpetrated the largest rogue trade fraud ever on a bank valued at $6.7 billion dollars, causing oversight rules to be tightened and procedures streamlined to secure the bank against future rogue actions. It seems preposterous to trust any one individual with massive sums of money and inevitable that such things will occur again the future unless procedure, and to an extent investment culture, is changed. 2 Responses Earl Kleinhenz October 5, 2011 I simply want to mention I am new to weblog and actually enjoyed your web blog. Likely I’m going to bookmark your blog post . You surely come with beneficial posts. Thank you for sharing with us your blog site. UGG Boots For Sale October 10, 2011 Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.