Page 8 - Zone Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Case that s generated a ton of interest here and some real pressure on the orlando prosecutors to get a win this time around, shepard? shepard: steve harrigan live in florida tonight. thank you. cops in london report they ve arrested a man described as a rogue trader at the swiss banking giant ubs. the allegation he lost $2 billion in one unauthorized trade. one trade. $2 billion. maybe he thought nobody would notice. according to investigators, the suspect is 31 years old and had only been working for the bank for a few years. police arrested him on charges of abusing his position to commit fraud. ubs claims the loss will not affect any clients but the bank reports it could now post a loss for the entire third quarter of the year. and the scandal comes just a month after the already ailing bank announced it was slashing 3500 jobs in an effort to save about the same amount of money that this rogue trader reportedly lost. so good news all around. ....

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