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The Scariest Business Stories of 2011

By Venessa Wong - 2011-11-02T17:07:00Z

Photograph by Simon Dawson/Bloomberg

Company Symbol % Change
17 of 22

UBS Trading Scandal

When: Sept. 15
What: Kweku Adoboli, a 31-year-old trader at UBS (UBS), was arrested in London. Adoboli was accused of costing UBS $2.3 billion by making unauthorized trades. An Oct. 20 Bloomberg story noted that "the trading losses prosecutors claim he was responsible for led to the departures of Chief Executive Officer Oswald Gruebel and the co-heads of the Swiss bank's global equities business."

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