I did post almost a year back, but when I see today the scandals are now more in public compare to last year and the post holds true to the words. They are much more bigger now the Hedging trade of JP Morgan, The LIBOR saga….

It was my Penultimate day on the  visit to Paris Sept 2011, when the news break out UBS took a hit of $2 billion loss by the action of a Rogue Trader.

The Euro zone already under deep crisis and UBS was planning to cut down several jobs, Continue reading