Friday June 5, 2020

Save the UBS bonuses-column

Jonathan Weil, columnist for Bloomberg News, makes the case for the poor UBS bankers set to pay for a rogue trader's mistakes

22nd September, 2011
2
UBS trader Kweku Adoboli

Jonathan Weil, columnist for Bloomberg News, makes the case for the poor UBS bankers set to pay for a rogue trader's mistakes

Ever since UBS disclosed its latest gigantic loss, due to a supposedly rogue trader in London, the financial press has been obsessed with digging out trivial details, such as what the scandal means for the future of global banking regulation and whether it will cost UBS Chief Executive Officer Oswald Gruebel his job.

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