Former 'rogue trader' warns on banking culture

Date:

9/12/2016

Time:

03:13:59

Source:

BBC News

Content:

12 September 2016 Last updated at 11:13 BST Kweku Adoboli was a successful young trader for the Swiss Bank UBS based in London when his world fell apart in 2011. In a series of disastrous trades, many hidden from view, he ran up losses totalling a staggering $2.3bn (£1.74bn) and almost brought down his bank. He was eventually imprisoned for almost four years for fraud and is now facing possible deportation to Ghana. Adoboli maintains he wasnt motivated by greed but that the system put unbearable pressures on him to make big returns. He warns that the culture of the banking industry means it is inevitable that another trader will go rogue. You can see the interview in full at these times on BBC World News and the BBC News Channel and after on BBCiPlayer (UK only).

Orignial Link :

http://www.bbc.com/news/business-37323092

crawlTime:

9/12/2016 3:01:35 PM