UBS discovers $2 billion loss in unauthorized trade:

(CNN) -- Swiss banking giant UBS discovered that unauthorized trading has cost it an estimated $2 billion, it announced Thursday. The "unauthorized trading by a trader in its investment bank" could cause the bank to record a loss in the third quarter of this year, it said. The loss would potentially be among the largest costs ever to a bank in unauthorized trading. Full story Related: UBS Says It Had $2B Loss From Unauthorized Trading - Bloomberg Singapore's GIC says its long-term view on Citi, UBS unchanged-paper - Reuters GIC says intends to hold Citi, UBS stakes for long term-reports - Reuters Singapore’s GIC Becomes Biggest Shareholder of UBS (Update1) - Bloomberg

Full article: http://singaporenewsalternative.blogspot.com/2011/09/ubs-...

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UBS rogue trader sinks bank into $2.49b loss

UBS rogue trader sinks bank into $2.49b loss

straitstimes.com 15 Sep '11, 9am

Swiss banking giant UBS revealed on Thursday that a rogue trader had lost an estimated US$2.0 billion (S$2.49 billion) in ...

The shocking news that the GIC is staring at losses of $10 billion over its investments in Swiss bank UBS is...

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yoursdp.org 21 Sep '11, 5am

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channelnewsasia.com 19 Sep '11, 2pm

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Cybercrime cost Singapore $1.1 billion in 2010,...

straitstimes.com 14 Sep '11, 4am

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lpga.com 20 Sep '11, 11am

The LPGA mourns the loss of Delores Hope, wife of the late Bob Hope, who died at the age of 102 on September 19, 2011. Del...

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events.insing.com 16 Sep '11, 2am

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straitstimes.com 17 Sep '11, 1am

Ongoing construction of Stage 2 of the Downtown Line along the stretch of Bukit Timah Road outside Hwa Chong Institution. ...

SNA - UBS CEO Gruebel resigns over rogue tradin...

Oswald Gruebel, chief executive officer of UBS AG (UBSN) since February 2009, resigned his post at Switzerland’s largest b...