News this morning that London-based trader Kweku Adoboli allegedly managed to lose a cool $1.95 billion bucks before his bosses at investment bank UBS discovered the rogue trades is yet another faith-restoring act by the banks.
Ubs
Crikey Says: What’s $2b between banks?
Crikey’s Business Awards of the Year: organisations
Crikey names the businesses who made a splash in 2009 — for all the right and wrong reasons.
Are the days of the Swiss bank account numbered?
That ultimate Swiss accessory has been undermined with the country agreeing to recognise the crimes of money laundering and insider trading. If tax evasion crumbles, what next? asks Holman W Jenkins.
CBA capital raising dead and buried
It what could either be a stuff-up or sheer incompetence, the Commonwealth Bank has been forced to dump its latest $2 billion fund raising, writes Glenn Dyer.
How much did the UBS cheerleaders make out of Babcock?
Swiss investment banking giant UBS has long been the preferred adviser to Babcock & Brown and they have pocketed well over $50 million in fees, writes Stephen Mayne.
Investors continue to bask in the afterglow of Bear Stearns bailout
The US stockmarket has come off its worst quarter for five years with its best start to a second quarter for 70 years. But why? asks Glenn Dyer.
BRW: You’ve got male
BRW has once more submitted to a revamp. The result is a more masculine product – and fewer women, writes Jane Nethercote.
Rams shareholders sold out by management
Shareholders in Rams Home Loans group who have been gutsy enough to hang onto their shares are entitled to feel a bit miffed about the way they have been stiffed by gutless management and founder John Kinghorn, writes Glenn Dyer.
UBS pays dearly for losing Fiani
Swiss-owned fund manager, UBS, has paid dearly for the loss of high profile manager, Paul Fiani, and some of his workmates at its flagship Australian Share Fund, over the last few months, writes Glenn Dyer.
