Adoboli Says Bonus Was Lower Due to Hidden Profits
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Kweku Adoboli blamed his $2.3 billion trading loss on UBS AG senior management, including investment-bank co-head Carsten Kengeter, pressuring him to change trading positions.
Adoboli, 32, told the London court where he is on trial for fraud and false accounting that he isn’t a rogue trader and “we wouldn’t be here today” if he hadn’t been pushed to change his market outlook from negative to positive during the summer of