Yes, I'm pretty sure there would be headlines such as "UBS Reports Record Profits!" Bonuses would be plentiful and everyone lived happily ever after.
There's a bit of a difference in time served in Changi Prison (Singapore) opposed to time served in Switzerland.
http://www.metro.co.uk/news/875744-...ccomplice-during-three-years-of-rogue-trading "Alleged rogue trader Kweku Adoboli may have been acting dishonestly for up to three years during which he lost UBS money on a number of transactions, ..." --- Kweku Adoboli may have lost money trading stocks since the bear market started about year 2008.
Billion dollar rouge trade is profitable-> Trader gets a 68 acre mansion and gets to bang bitches and bimbos every night Billion dollar rouge trade is a loss-> Trader gets 6x8 prison cell, becomes the prison bitch and is banged by Buba every night :eek:
Interesting turn of events. The banger becomes the bangee. What goes around comes. It's karma bitch. You can't escape karma. Be prepared to do some spreads of another kind. He has nice grills nonetheless! LOL!! I bet he has nice rims that you could spin also.
The loss resulted from unauthorized speculative trading in various S&P 500, DAX, and EuroStoxx index futures over the last three months. The positions taken were within the normal business flow of a large global equity trading house as part of a properly hedged portfolio. However, the true magnitude of the risk exposure was distorted because the positions had been offset in our systems with fictitious, forward-settling, cash ETF positions, allegedly executed by the trader. These fictitious trades concealed the fact that the index futures trades violated UBSâs risk limits.