Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria (2276 Views)
Elijah Oyefeso Now A Stock Trader, Earns £30,000 On A Bad Month (pics) / World's Third Richest Man, Warren Buffett Loses $2billion In Two Days / "west African" Brit Costs Ubs Bank $2bn (2) (3) (4)
| Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by zmurda(m): 6:30pm On Sep 15, 2011 |
[size=16pt]From the BBC: A rogue trader was arrested today in one of the biggest losses from rogue traders. It would be interesting to know how he was able to get away with a loss as big as this. Is this a lack of proper internal control? Controls and oversights have been tightened since the Jerome Kerviel debacle of 2008. In a way, Kweku's rogue dealing is a culmination of the Ghanaian dominance in all fields of endeavour we as Nigerians hold dear. Their football teams are better than ours, their economy is better run, they have power, politics cleaner and more accountable (at least till the oil money starts rolling in) and of course our exclusive preserve: FRAUD. This latter I find very disgraceful. In all our years of fraud, the total amount does not even come close to 2 bn dollars  Maybe Anajemba?[/size] |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by moremi2008(m): 7:13pm On Sep 15, 2011 |
This is just stupid, the situation is a lot more complicated than that, you slowpoke. |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by zmurda(m): 9:02pm On Sep 15, 2011 |
Do you work for UBS? How is it more complicated?  I need inside gist o! Or should I report you to the Financial Service Authority and Serious Fraud Office |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by lagcity(m): 9:25pm On Sep 15, 2011 |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by Africason(m): 9:57pm On Sep 15, 2011 |
That guy is a legend! I bet when he was turning profits for them it was kool. Probably, he was encouraged by the bonuses and pecks he was gona receive hence 'gambling' away such money?  |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by zmurda(m): 10:21pm On Sep 15, 2011 |
Africason: Same thing I was thinking. Failure is a bastard |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by adctrl: 11:01pm On Sep 15, 2011 |
This is very disgraceful, and coming from Ghana who always reckon they are saints!!! I was looking to get into UBS , BOA or one of the investment banks but I bet this Ghana boy has spoilt some black peoples chance (including me) of getting into certain roles. I guess you are thinking the UK is a big place but I can imagine this will still have an effect on how many blacks they take for certain positions. $2 billion? Can you imagine the kind of ITT (International Thief Thief) this guys is? Thank God he didn't have the chance to claim he is from Nigeria because most black Africans that are caught in bad acts overseas used to say they are Nigerians because our passports used to be cheap to get. |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by globexl: 12:53am On Sep 16, 2011 |
You can now clap for yourself and be proud to be a Nigerian again. Right? Working for a bluechip firm as a trader and then runing huge losses on their behalf is quite different from doing fraud as full time occupation. Dont be too quick to congratulate your self that a Ghananian has finally outdone you as a Nigerian. I am sure he was a star at the firm before he made a series of bad trades, concealed them, and made more(bad) trades in attempt to recoup the losses. That is how it happens. Like someone pointed out, failure is bastard indeed. |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by globexl: 12:55am On Sep 16, 2011 |
I'm sure he did not steal the company's money. He just made some bad trades. That does not make him a criminal nor is it a disgraceful for the nation of Ghana. |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by Africason(m): 2:41am On Sep 16, 2011 |
@ globexl, Thanks for knowing your stuff! adctrl: Now to you Sir. . . do you even know what you are spewing about? I guess you got to look for another career path cos you ain't gona cut it in investment banking with these empty rhetorics - some basic trading stuff you don't have a grasp of and you wana work in what field?!  Do you even know what rogue trading means? How loses are made? Lol. . . or you thought he stole the money? Oh deary me! JeeZ!!  |
| Re: Ghanaian Rogue Trader Cost UBS $2Billion Dollars? Ghana Outdoes Nigeria by AfroBlue(m): 3:08am On Sep 16, 2011 |
Western banks have turned into casino parlours. They no longer have the patience to try to finance capital projects. That's why they are begging thrify China for bailout loans for their corrupt banking industry. |
(1) (Reply)
How To Improve Nigeria's Economy; My Humble Contribution / Contact Us For Your Interlock Paving Stone. / Help!!! What Courier Service Can I Use For Deliveries Here In Nigeria?
(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. 19 |