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'Rogue trader'? That's the same as 'rogue reporter'A "rogue trader" in a City of London bank is really like a "rogue reporter" on the News of the World. He's the one who gets caught and sent to jail when the people who presided over the system that allowed him to lose $2bn – or, in Clive Goodman's case ... read more
UBS rogue trader: You were warned about ETFs, says Terry Smith
Exchange-traded funds are back under the spotlight because of their conenction with the alleged £1.3bn "rogue trader" scandal at UBS's Delta One operation. Fund manager Terry Smith reminds investors of the pitfalls of ETFs. By Terry Smith The losses of ... read more
Rogue trader suspected in UBS $2 billion loss
Swiss bank UBS says a rogue trader has cost it $2 billion, which could push it in to the red in the third quarter. London police say they've arrested a 31-year-old suspect in the case. (Sept. 15) (/The Associated Press) Correction: Clarification: ... read more
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