going rogue

UBS’s Rogue Trader Ruined Bonus Season for Everyone in London

Not only do Kweku Adoboli’s $2.3 billion losses mean that UBS employees’ bonuses will take a hit, but reportedly other banks will “bid down on staff demands,” thanks to the low bar set by UBS. [Telegraph UK via Dealbreaker/NYT]

UBS’s Rogue Trader Ruined Bonus Season for Everyone in London