Kweku Adoboli | South China Morning Post
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  • Mar 31, 2015
  • Updated: 2:36pm

Kweku Adoboli

Britain's Financial Services Authority fines UBS £30m over rogue trader Adoboli

Kweku Adoboli is in jail

UBS was fined £29.7 million (HK$368.87 million) by the British authorities and told by the Swiss regulator that it might have to increase capital levels for operational risks as regulators levied penalties in response to Kweku Adoboli's US$2.3 billion trading loss.

Tuesday, 27 November, 2012, 4:15am

UBS fined US$48m by UK regulator over rogue trader

The logo of Swiss banking giant UBS in Zurich, Switzerland. Photo: AFP

Britain’s financial regulator fined UBS US$48 million for control failings that allowed Kweku Adoboli to cause over US$2 billion losses through unauthorised trading in London.

26 Nov 2012 - 5:59pm

Ex-UBS trader gets seven-year jail term for US$2.3b fraud

Kweku Adoboli was handed seven years in jail. Photo: Reuters

Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail yesterday for the biggest fraud in British history, which resulted in US$2.3 billion loss for the Swiss bank.

21 Nov 2012 - 4:10am