Wednesday, October 31, 2012

UPDATE 1-"Devastated" ex-UBS trader says he lost control

* Adoboli says trading losses made him catatonic * Girlfriend persuaded trader to come clean * Denies dishonesty, says rules were "aspirational" LONDON, Oct 30 (Reuters) - Former UBS trader KwekuAdoboli told a London court on Tuesday he "lost control" in thesummer of 2011 but insisted he never acted dishonestly in thefrantic weeks that resulted in losses of $2.3 billion. Ending an emotional ...

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