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  Trader Single Handedly Costs Swiss Bank $2 Billion

  15 Sep 2011 by Jasmine Stone / No Comments

  Zurich-based bank, UBS is in the toilet after a very, very naughty little boy or girl engaged in a spot of skullduggerous, unauthorised, and apparently not entirely skillful trading. The cost? A cool $2 billion, and an additional drop of 10% in its share price over the course of today’s early trading alone. UBS had better clench its buttocks. This is going to be a wild ride.

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