4 Former UBS Dealers Playing Investment Poker with Customer Accounts
Four former dealers at UBS plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.
The scandal has cost UBS more than $55 million as the Financial Services Authority slapped on an 8 million pound ($13.2 million) penalty — its third largest ever — and the bank compensated clients by more than $42 million.....
http://www.cnbc.com/id/33709201
"All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
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