Gutfreund Blames UBS Trading Loss on Controls

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Sept. 15 (Bloomberg) -- John Gutfreund, president of New York-based Gutfreund & Co. and the former chief executive officer of Salomon Brothers Inc., discusses UBS AG's $2 billion loss from unauthorized trading. He also comments on the prospects for the banking system amid a deepening euro-zone debt crisis. Gutfreund talks from New York with Andrea Catherwood on Bloomberg Television's "Last Word." (Source: Bloomberg)

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