DEBT FINANCING. UBS rogue trader was charged with

Alleged renegade trader accused Swiss banks lose huge UBS over $2 billion in illicit trade fraud and accounting fraud, was indicted Friday and told a London Court are displayed.
London police said that 31-year-old Kweku Adoboli would appear at a court in the British capital on Friday.
"He remains in police custody and the city of London magistrates appear this afternoon," said the Police Department in a statement. An investigation, the financial market authority's financial services authority, the serious fraud Office and the Crown Prosecution Service was further said.
Kweku Adoboli leaves the city of London Magistrates Court in London on Friday. He was charged with fraud, after Swiss Bank UBS said that it had lost over $2 billion in illicit trade. Luke MacGregor/Reuters
Law firm Kingsley Napley, Nick Leeson represented - the dealer, the British Bank Barings in 1995, after he not authorized about $1.4 billion losses trade brought - said that it had hired Adoboli represent.
UBS faced pressure to explain how not the executives, the 2-billion dollar loss of fish, and how the monitoring systems by not in a position, which identify alleged unauthorized transactions had been in the Switzerland.
Adoboli, born in Ghana, at UBS on a share desktop, known as Delta a and worked with Exchange traded funds active - the different types of shares, or were, as for example precious metals track.
Some commentators and politicians called for to take senior manager at UBS, responsibility for the loss.
"Until UBS has explained in detail, as such a significant loss due to unauthorized trading happen could and as the problem can be solved, adversely affected confidence, will remain," said Andreas Venditti, analyst with the Zurich Cantonal Bank.
UBS shares on Friday again suffered the losses the previous day. Investors have the opportunity to buy shares cheap, send their price to 3.3 percent on the Zurich stock exchange by early afternoon. 10 Percent had shares the day before after the Bank said a lone staff had caused the massive loss, fell.
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