Quote Originally Posted by Andrew View Post
Sad to hear such a large bank can make these kind of mistakes. UBS should look more at their balance sheet and how they are teaching these traders that are managing their money. It's a volatile market out there but large bank investors should know better. Over 2 bil won't drop UBS though, they are a huge bank.
Yeah, personally I don't like the fact that the bank places the blame on one rogue trader. The UBS bank should take overall responsibility for the loss. $2B is no small loss but lots of the rich are losing big lately.