The name is Kweku Adoboli. He works—or rather, worked—at UBS, Switzerland's largest bank. He's the guy UBS executives say made unauthorized investment trades that cost the bank $2.3 billion—enough to wipe out much of the bank's profit for the entire quarter.
If the charges prove true, we can add Adoboli's name to the likes of such infamous “rogue traders” as Jerome Kerviel, who cost Societe Generale about $7 billion; Nicholas Leeson, who lost more than $1 billion, enough to bring down Bearings Bank; and Joseph Jett, who reportedly cost Kidder, Peabody $350 million, a hefty sum back in 1994. They're the ...