• 05 Oct 2011 at 3:13 PM

UBS Will Have A Serious Talk With Everyone Who Let The Adoboli Incident Go Down When They Get Home

By Bess Levin

The company said it plans to take “appropriate disciplinary action” against other individuals in the Equities business” as a result of the trading incident. UBS said it also expects to take disciplinary action “against responsible staff in other functions.” [WSJ]

Comments (15)

  1. 1
    Posted by Jay | October 5, 2011 at 3:23 PM

    Yes, people have been naughty. Let me know if you need tips for the "disciplinary" action.

    - M. Whitney aka Dollar Dominatrix

  2. 2
    Posted by Guest | October 5, 2011 at 3:23 PM

    Evil greedy banksters getting disciplined. Yea, tell me more.

    - Occupy Wall Street Banker Torture Fetish Quant

  3. 3
    Posted by Ball Buster | October 5, 2011 at 3:26 PM

    "responsible staff;" in UBS?

    I laughed.

  4. 4
    Posted by Guest | October 5, 2011 at 3:37 PM

    Appropriate disciplinary action at UBS = a promotion

  5. 5
    Posted by The Truth | October 5, 2011 at 3:42 PM

    Failing upwards, 70% of the time it works 100% of the time

  6. 6
    Posted by Myron | October 5, 2011 at 3:49 PM

    Maybe they should define exactly what "Delta One" means to their employees since they obviously didn't know.

  7. 7
    Posted by Guest | October 5, 2011 at 3:55 PM

    Shake Shack Manager > BAC Trader > DSK Maid > Responsible staff at UBS > CFA

  8. 8
    Posted by Blankfein | October 5, 2011 at 4:00 PM

    An attempt was made to fix mismatched delimiters.

  9. 9
    Posted by Golden Boy | October 5, 2011 at 4:18 PM

    Just in case nothing works out for us, we plan to short 5% of our float as a hedge.

    -UBS head trader

  10. 10
    Posted by Barry Badrinath | October 5, 2011 at 4:32 PM

    Let's take what Kweku did and just do the opposite. That will bring us $2.3Bn

    - M. Rohner

  11. 11
    Posted by Dumbass Oil Trader | October 5, 2011 at 4:41 PM

    You people will never understand trading. You have to free the trader to trade.

  12. 12
    Posted by Fan of Jerome's work | October 5, 2011 at 5:32 PM

    Amateur. I am currently available for that position with UBS. I have both the experience and drive to exceed your expectations.

    Jerome Kerviel

  13. 13
    Posted by AIG is my bitch | October 5, 2011 at 8:37 PM

    Wow a blind child and run UBS better than these sorry idiots

  14. 14
    Posted by Guest | October 5, 2011 at 9:34 PM

    Why are you insulting idiots?

  15. 15
    Posted by Chuck | October 13, 2011 at 10:55 AM

    UBS Management: What are you doing?
    K.A.: You know, chilling on the couch, putting 5 yards of swissie on.

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