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UBS Fined for Losing Money

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November 26, 2012 – Comments (0) | RELATED TICKERS: UBS

From a certain perspective, you've got to chuckle at the idea that UBS (NYSE: UBS) is getting fined almost $50 million for allowing rogue trader Kweku Adoboli to lose $2.3 billion. It's a little like getting shot in the leg by a mugger and then having a police officer walk by and slap you in the face while you're writhing on the ground.

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