Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,806 members, 7,820,820 topics. Date: Tuesday, 07 May 2024 at 10:30 PM |
Nairaland Forum / Nairaland / General / Politics / Ghana's Rogue UBS Trader (613 Views)
Aba Riot ; Picture Of Killed Trader. Graphic Picture. / UBS Was My Family, Tearful Kweku Adoboli Says / UBS Trader's Arrest Stuns Family (2) (3) (4)
Ghana's Rogue UBS Trader by wesley80(m): 8:55am On Nov 21, 2012 |
I feel a tinge of guilt drawing 'Ghana' into this but uhm well, I guess it's just expedient.
Continued below |
Re: Ghana's Rogue UBS Trader by wesley80(m): 9:08am On Nov 21, 2012 |
The “unprotected, unhedged, incautious, reckless” trading, as prosecutor Sasha Wass described it, appears to have turned jurors against Mr Adoboli. His conviction for fraud applies to two indictment periods, one in which he generated large profits for the bank and another in which he amassed the hefty losses. Mr Adoboli’s failed to convince the jury that everything he did was for the good of the bank. Instead, they sided with Ms Wass, who had argued that the trader had engaged in “protracted and sophisticated manipulation to puff up his earnings”. Mr Adoboli had also argued that his colleagues knew of and even occasionally used the same trading methods. Indeed, Mr Hughes admitted in court he had accessed a secret account nicknamed “umbrella”, which Mr Adoboli had set up to conceal risk exposure and losses. Other witnesses, too, said they knew of its existence. This may be why thehttp://www.economist.com/blogs/schumpeter/2012/11/ubs’s-rogue-trader |
Re: Ghana's Rogue UBS Trader by Caseless: 9:31am On Nov 21, 2012 |
Where is that guy called REDSUN that has or see nothing good about nigeria and nigerians? He sees ghanaians as supernatural beigns....buncha MENSSAHS... |
Re: Ghana's Rogue UBS Trader by wesley08(m): 9:54am On Nov 21, 2012 |
^ The spambot got me for some inesplicable reasons but I'd not intended the thread to be a Ghana bashing one. My hidden post highlights areas that seem to suggest the convicted trader was more a victim of an adventure gone awry than a rogue trader. |
Re: Ghana's Rogue UBS Trader by Caseless: 7:44pm On Nov 21, 2012 |
wesley08: ^ The spambot got me for some inesplicable reasons but I'd not intended the thread to be a Ghana bashing one. My hidden post highlights areas that seem to suggest the convicted trader was more a victim of an adventure gone awry than a rogue trader.dat spambot de craze.... But , do try again. Ghana need some bashing....they've stepped on our toes for too long....payback time... |
(1) (Reply)
20 Ladies In Mini Skirts Slaughtered In Maiduguri / Boko Haram Set Fire To Churches And Border Posts In Bornu / Many Northern, Southern Politicians Will Die In Plane Crash Next Year
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16 |