Swiss bank UBS said that trader has lost about 2bn dollers in unauthorised dealingand warned it might post a lossin third quarter.
Authorities said Mr Kweku Adoboli was the person behind the fraud case and that he has been arrested at london and charged.This comes so soon after former Societe Generale trader Jerome Kerviel racked up a 6.7 bn dollers loss in unauthorised deals that was found in 2008
