UBS announces that it has discovered an illegal trading operation carried out in the sector of its investment banking. The fraud of the deviant trader will affect the balance sheet of the Swiss bank with a loss that has been quantified at 2 billion dollars.
The bank has specified that the hole will not have repercussions on the savings of its customers. On the other hand, the shareholders cannot smile: the stock, on the Swiss list, lost 9.30% at 5,70 am. There are also concrete possibilities that the next UBS quarterly will turn red.
