2 UBS Execs Step Down After $2B Rogue Trading Scandal
Carsten Kengeter, CEO of UBS Investment Bank, accepted the resignations of Francois Gouws and Yassine Bouhara, who co-headed the Global Equities Group. Under their watch, London-based trader Kweku Adoboli, 31, allegedly cost the bank $2 billion through unauthorized trades.
Fallout from the rogue trades, which were revealed in September, will not be...
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