• UBS trader Kweku Adoboli leaves City of London magistrates' court in London

    Ex-UBS Trader Refused Bail as Bank Probe Deepens

    Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal.
  • UBS trader Kweku Adoboli arrives at City of London magistrates' court in the City of London

    Ex UBS Trader Adoboli Denies Fraud, Faces Trial

    The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
  • UBS trader Kweku Adoboli leaves City of London magistrates' court in London

    Ex-UBS Trader Adoboli Denies Fraud Charges

    The former UBS trader accused of unauthorized deals that cost the Swiss bank $2.3 billion pleaded not guilty to all four charges of fraud and false accounting in a London court on Monday.