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Delta One
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Latest Headlines
UBS: Gruebel steps down, Ermotti steps up
Oswald Gruebel was something of an industry hero when he turned around vaunted Swiss bank Credit Suisse, which nearly went belly up in 2008 because of more than $50 billion in losses on various toxic
Fine line between prop trading and market making
The Kweku Adoboli scandal at UBS has highlighted once again the tricky nature of proprietary trading versus market making. In the U.K., there is no Volcker amendment that bans proprietary trading.
UBS rogue trader Kweku Adoboli: Shades of Jerome Kerviel
The Kweku Adoboli story at UBS sounds all too much like the Jerome Kerviel story at Societe Generale. Both worked back office or middle office when they started at their banks, building up a massive
Delta One desks, ETFs and the UBS fiasco
Both Kweku Adoboli, the UBS trader who was arrested for his role in the latest European rogue trading scandal, and before him Jérôme Kerviel, the Société
