UBS Penalized $47.6 Million Over Adoboli Losses

Nov. 26 (Bloomberg) -- UBS AG was fined 29.7 million pounds ($47.6 million) by the U.K. and told by Swiss regulators that it may have to increase capital levels for operational risks in response to Kweku Adoboli’s $2.3 billion trading loss. Ryan Chilcote and Francine Lacqua report on Bloomberg Television's "On the Move." (Source: Bloomberg)

Most Recent Videos

Facebook's Earnings Growth Is Sustainable: Pyykkonen
43:38 - Jan. 28 -- Rosenblatt Securities' Martin Pyykkonen and Bloomberg's Intelligence's Paul Sweeney discuss Facebook's earnings and user growth with Bloomberg's Trish Regan and Cory Johnson on "Street Smart."
  • Dollar's Impact on Earnings Is Very Serious: Bianco
  • White House Says House LNG Bill `Totally Unnecessary'
  • RBS Seen Disposing of Most Bad Bank Assets Ahead of Plan