How is rogue still in vogue?

Experts question how a big bank could have incurred such a large loss from unauthorised trades so soon after the Societe Generale trading scandal

Wednesday 21 September 2011 at 06:41

Rogue trading appears to be back and UBS has become the latest to come under the spotlight.

The Swiss bank on Sunday confirmed that it suffered $2.3bn in losses stemming from "unauthorised speculative trading in various S&P 500, Dax, and EuroStoxx index futures over the last three months".