Massive £1.3 billion fraud at UBS - what does it mean for you?

Sarah Coles

Updated

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Trader Kweku Adoboli was arrested in the small hours yesterday on suspicion of 'fraud by abuse of position'. His rogue activities are said to have cost UBS bank a staggering £1.3 billion. So just how was it allowed to happen?

And what does it mean for the banks?

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Massive £1.3 billion fraud at UBS - what does it mean for you?

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