UBS rogue trader loses $2 billion

Discussion in 'Wall St. News' started by ordinary_trader, Sep 15, 2011.

  1. benwm

    benwm

    interesting story
    seems to be priced in based on the ES price action

    what a surprise...the guys at UBS in the know "pre positioned" themselves ahead of the news release
    I wonder if that might explain some of the closing weakness in ES on Wednesday

    WANKERS!
     
  2. Joman

    Joman

    This guy revenge traded too much.... you should respect your daily stop loss :D
     
  3. TraDaToR

    TraDaToR

    Wilhelm Von Kerviel aus Zurich.
     
  4. The UBS bank reputation among clients after such small loss can only rise.

    <iframe width="420" height="315" src="http://www.youtube.com/embed/4ADh8Fs3YdU" frameborder="0" allowfullscreen></iframe>
     
  5. you can build another Burj Khalifa for that kind of $$$
     
  6. It seems to have happened in the equity division. Strange, I though more about Forex...
     
  7. This made me laugh. The naive nature of most the folks on ET never ceases to amaze me.
     
  8. dont

    dont

    rogue trader bullshit, they took a punt and like the wankers they are they got smacked plain and simple
     
  9. Joman

    Joman

    Not sure if the risk managers, product controllers, middle offices, back offices and the other 100 people in charge of risk control in banks are less naive that the average ET to let such a loss happening... and don't get me wrong I've been working in a Top Tier Investment Bank ...
     
    #10     Sep 15, 2011