Adoboli should not take all the blame
To me, the former UBS employee comes across as a decent, hard-working person, little different from any of his colleagues, writes Lex van Dam
Former UBS trader Kweku Adoboli has been sentenced to a seven-year jail term after being found guilty of Britain’s biggest banking fraud
UK regulator hands out the third-largest fine in its history, criticising bank’s control breakdowns and ‘poorly executed and ineffective supervision’
The Swiss bank aims to move on as Kweku Adoboli is jailed for seven years for fraud after his unauthorised trading led to losses of $2.3bn
UK’s Financial Services Authority and UBS are working out the details of a penalty that will probably range between £20m and £50m
UBS trader has been found guilty of two counts of fraud by abuse of position but acquitted him on four counts of false accounting
The trial against an ex-trader who went from describing UBS as his ‘family’ to calling it a hostile ‘machine’ has cast a negative light on the bank’s risk controls
To me, the former UBS employee comes across as a decent, hard-working person, little different from any of his colleagues, writes Lex van Dam
Ex-UBS banker managed to get away with deception at UBS for three years as he used his knowledge of the back office to sidestep compliance controls
What was extraordinary about the UBS case was the scale on which a flawed organisation allowed Kweku Adoboli to express his dishonesty
The Swiss bank’s troubled past, culture and practices will be in the spotlight when the case against former trader Kweku Adoboli begins
The overhang of Kweku Adoboli’s trial threatens to distract executives from a restructuring strategy while damaging staff morale, analysts say
New CEO must bring radical change to the Swiss bank that has been crying out for leadership and structural change
Swiss bank will need to pull out bigger rabbits to justify its premium of 13 per cent to rival Credit Suisse
Bold strategies adopted by some lenders hit hard in the financial crisis may have risked their corporate cultures, write Megan Murphy and Haig Simonian