£1.4bn trial told of ‘bank risk culture’

Published on 22/09/2012 01:28

A CULTURE of financial risk-seeking existed at a bank where an alleged rogue trader accused of losing £1.4 billion worked, Southwark Crown Court heard.

The team on UBS’s London exchange traded funds desk, including Kweku Adoboli, were known to take greater risks than their counterparts in the New York office, one of his former supervisors said.