Alexa
  • Directory of Taiwan

UBS finds unauthorized trading loss of $2 billion

UBS finds unauthorized trading loss of $2 billion

Swiss bank UBS AG says it has discovered that unauthorized trading by one of its staff has caused an estimated loss of $2 billion.
The Zurich-based bank says the loss could cause it to report a loss for the third quarter.
UBS said in a statement Thursday that no client funds were affected by the incident.
It provided no further details.


Updated : 2021-10-19 11:41 GMT+08:00