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UBS fined $47.5 million in rogue trader scandal

Posted: November 27, 2012 at 2:58 a.m.

Kweku M. Adoboli (front), a former trader at UBS AG, arrives at Southwark Crown Court in London, in late September. UBS was fined $47.5 million on Monday for failing to prevent a $2.3 billion loss caused by Adoboli.

Britain’s Financial Services Authority fined UBS $47.5 million on Monday for failing to prevent a $2.3 billion loss caused by a former trader.

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Business, Pages 21 on 11/27/2012

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