Kweku Adoboli

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  UBS Rogue Trader’s Losses Could Have Topped $12 Billion: Prosecutor

  By Marlene Y. Satter, AdvisorOne  |  September 14, 2012

  Kweku Adoboli, the so-called rogue trader of UBS who lost $2.3 billion in unauthorized trades, went on trial in London, and the prosecutor said the scale of his gambling put ‘the very existence of the bank at risk.’

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  Adoboli, Former UBS Trader, Pleads Not Guilty

  By Marlene Y. Satter, AdvisorOne  |  January 30, 2012

  Kweku Adoboli, the former UBS trader arrested in September over losses of $2.3 billion, pleaded not guilty to all charges on Monday at a London hearing.

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  UBS to Trim Investment Bank, Emphasize Wealth Management

  By Janet Levaux, AdvisorOne  |  November 17, 2011

  UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.

• UBS Sees Leaders Exit, Expects Profit

  By Janet Levaux, AdvisorOne  |  October 26, 2011

  UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...

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  UBS to Trim, Not Sell, Investment Bank, Report Says

  By Janet Levaux, AdvisorOne  |  October 20, 2011

  As further details emerge regarding its recent $2.3 billion trading loss, UBS interim CEO Sergio Ermotti has decided against spinning off or selling the investment bank and, instead, plans to reduce its size, especially in its fixed-income work.

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  The Perils of Exchange Traded Funds

  By Vaughan Scully, Standard & Poor's  |  October 9, 2011

  Despite their retail-friendly image today, ETFs were originally designed as a product for professional fund managers and institutional investors, and their involvement is still high.

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  Co-Heads of UBS Equities Unit Resign; Former Merrill Exec Takes Over

  By Janet Levaux, AdvisorOne  |  October 5, 2011

  The arrest of UBS trader Kweku Adoboli last month has led to the resignations of Francois Gouws and Yassine Bouhara; Mike Stewart assumes leadership role for UBS equities.

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  UBS’ CEO Resigns, Replaced by Former Merrill Exec

  By Janet Levaux, AdvisorOne  |  September 24, 2011

  Ermotti fills in for Grübel as rival broker-dealers and recruiters lick their chops, in anticipation of a possible sale and the expectation that more advisors will leave

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  UBS Board Pondering Fate of Banking Giant, CEO

  By Marlene Y. Satter, AdvisorOne  |  September 23, 2011

  The board of UBS met in Singapore on Friday to consider what will be the future of the Swiss giant after trader Kweku Adoboli allegedly lost $2.3 billion in fraudulent activities. The future of its CEO, Oswald Greubel, also hangs in the balance.

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  UBS Trader Kweku Adoboli Hires Lawyers of Nick Leeson, Rogue ’90s Trader

  By Joyce Hanson, AdvisorOne  |  September 16, 2011

  UBS trader Kweku Adoboli was charged Friday with engaging in fraud and false accounting since 2008, and hired the lawyers who represented rogue trader Nick Leeson to defend him.