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Pernell Whitaker

UBS Trader Loses 2bn in Unauthorised Trades

64 posts in this topic

Copy and paste please

I don't want to register to read it.

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fuck em... they all do illegal trading and shady deals anyway

good that they got their own back

big up to him....

-3

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fuck em... they all do illegal trading and shady deals anyway

good that they got their own back

big up to him....

PMSL

the level of misunderstanding is obscene

-1

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fuck em... they all do illegal trading and shady deals anyway

good that they got their own back

big up to him....

PMSL

the level of misunderstanding is obscene

cdnt care less tho.. im not a shareholder in UBS

banks have been ripping people off since the jew introduced interest rates in 1BC

they probably let it happen so they cld blame their losses on him not their incompetence

European Banks are in major trouble cos they have all been fucking crooks for the last 1000yrs not one or two shady dealers

let them all go bust

-4

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ooohhh

ghana man too, chale you fucked up

lawse

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He's not from Ghana he's Togolese. My bredrin is actually scared for his job over this. They've recently had a freeze on hiring and go rid of everyone on temp contracts. Now this.

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Obviously they are going to have to cut employees to generate an upsuge in revenue.

Feel sorry for people cos of this guy

Probably had his ipod on listening to 50 cent when trading

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Press targeting black bankers now and not the oligarchs who are actually running the show. Goldman Sachs has done worse than what this man has done. The press are blatantly stirring something up here.

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them rogue trading there

£1,000 rent in shoreditch ...

he was comfortable till now

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So he went from Trainee to Director in 5 years?

Fack orf, I bet they enjoyed it when his methods brought in profits, now that he don fucked up, they're selling him out.

Well played.

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Them fraudster genes are strong even when they reach the upper echelon of the financial sector.

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im guessing this is a new record for a black person?....no? :lol: but in all realness this probably won't do well in the favour of black people advancing to such levels as he was in in the near future, although I don't think it will disbenefit (real word?) black graduates from being recruited

dunno how they have systems that let such things happen without flagging up though, how are they gonna let one man make $2 billion of unauthorised trades before wondering wtf is happening?

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dunno how they have systems that let such things happen without flagging up though, how are they gonna let one man make $2 billion of unauthorised trades before wondering wtf is happening?

agreed

i'm a trader and used to work for UBS

my risk officer calls me up when my margin to equity is over 5%. I don't get how this guy was able to generate such huge loses. only feasible explanation is that he spread it over loads of accounts OR he was massively long the swiss franc and kept doubling up on the way down PMSL. anyway i respect his balls. Must have been hard to come into work every morning with a 1Bn loss and carry on trading. I've seen guys get mentally broken by the markets after losing just 200K.

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them rogue trading there

£1,000 rent in shoreditch ...

he was comfortable till now

TBH for the money he was playing with that rent is pretty ordinary...

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I suspect more to this, for all you know he's some sort of fall guy

Also @ M12 how do you know he's Togolese?

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:lol:

When I heard about this story my exact thoughts were

1. Please don't be black.

2. Please don't be Nigerian.

/

It's a shame he got caught tbh.

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them rogue trading there

£1,000 rent in shoreditch ...

he was comfortable till now

TBH for the money he was playing with that rent is pretty ordinary...

er

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fg

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g

dfg

fd

-4

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So he went from Trainee to Director in 5 years?

Fack orf, I bet they enjoyed it when his methods brought in profits, now that he don fucked up, they're selling him out.

Well played.

Trust, like 2bn goes unnoticed...

Definitely think there's more to this too.

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niggas nt looking good in the media of late

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2bn to UBS aint that much tho

plus theres no way he's a fall guy lol

guy was trading on a prop desk, this kinda shit happens on prop desks.

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