The Guardian -
2 Oct 2012 22:32
Former UBS trader weeps in court over unauthorised dealingFormer UBS trader, John Hughes, 30, wept in court on Tuesday after reading an email in which Kweku Adoboli, a former colleague accused of fraud, admitted to unauthorised trades that risked undermining the Swiss bank and colleagues.Hughes, once a senior trader on the bank's exchange traded funds (ETF) desk in London, conceded at Southwark crown court that he also made some unauthorised trades.But he insisted he did not know Adoboli had bee...
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