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How much did UBS know about Kweku Adoboli’s trades?

In Blog by Ian Fraser1 Comment

15 September 2011 So after Nick Leeson and Jerôme Kerviel, it seems that another ‘rogue’ trader is about to enter the annals of banking infamy. This time it’s the turn of the Nottingham University-educated market maker, Kweku Adoboli. Adoboli, a 31-year old trader in the bank’s City of London-based exchange-traded …

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This blog is One and other stuff

In Blog by Ian Fraser2 Comments

7 July 2008 Dear Reader, This blog is now one year old. It’s been enormous fun writing the 58 entries to date — just over one a week — over the past 12 months and thank you for all the feedback received so far. Since I started this exercise on …

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The bankers’ new clothes

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 27 April 2008 RBS’s refunding move is the first step in UK banks waking up from their self-delusion to the reality of the credit crunch  BRITISH BANKS, LIKE THE EMPEROR WHO WAS SO easily duped by his tailors, were suffering from chronic self-delusion …

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In pursuit of success on a silver platter

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 3 October 2004 Despite a drive by high street banks to corner the market in financial advice to the rich, independents still rule. By Ian Fraser IT seems like a no-brainer. Private banking, meaning looking after the banking and investment needs of Britain’s …