Rogue Trading or The Rogue Banks

Yesterday was going through an article on Bloomberg that  How UBS Could Survive a Guilty Plea in the Libor Scandal, imagesreading forward the article says the settlement may include $1 billion in fines, and the New York Times adds that a guilty plea on criminal charges may also be part of the deal. That second piece is big news: It would make UBS the first big bank to plead guilty in more than a decade.

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 Continue reading “Rogue Trading or The Rogue Banks”