A rogue trader in Swiss bank UBS flushed $2.3bn down the drain.
This has been already topped, in past, by three or four people.
But because of international pressure Swiss are being persuaded to reveal the status of foreign assets in their banks. And the credit rating companies are sure to revise down UBS credit rating.
This does not bode well for Swiss financial sector.
Source : Telegraph
This has been already topped, in past, by three or four people.
But because of international pressure Swiss are being persuaded to reveal the status of foreign assets in their banks. And the credit rating companies are sure to revise down UBS credit rating.
This does not bode well for Swiss financial sector.
Source : Telegraph