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Rogue trader causes $2 billion losses at UBS

UBS has discovered a potential $2 billion (€1.45 billion) loss caused by a rogue trader at its investment bank, the Swiss group said in a statement released on 15 September.

UBS reports $2 billion (€1.45 billion) losses caused by unauthorised trading at its investment bank, the Swiss group said in a statement issued on 15 September.

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