Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail on Tuesday for the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. Ghanaian-born Adoboli, 32, a senior trader on the Exchange Traded Funds (ETFs) desk at UBS’s […]
Tag: Exchange Traded Funds
Former UBS trader faces trial over $2.3 billion losses
A former UBS trader goes on trial in London this week in a case involving losses of $2.3 billion (1.4 billion pounds) that will subject the Swiss bank to an “uncomfortable” examination of its culture and practices. Investment banker Kweku Adoboli, who was arrested a year ago when the huge […]
Diversification: Investors urged to invest in ETFs
Investors in the Nigerian capital market have been urged to take advantage of the opportunities inherent in investing in Exchange Traded Funds. Market experts who stated this noted that there were a lot of benefits of investing in the NewGold Exchange Traded Funds, as it would help to diversify risks […]
