Bloomberg News

UBS Says Man Arrested in London Is Related to Trading Loss

September 15, 2011

Sept. 15 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, said the arrest of a 31-year-old man in central London announced by the London police today is related to the company’s trading loss.

London police said in a statement that it had made the arrest on “suspicion of fraud by abuse of position” at 3:30 a.m. The man remains in police custody and an investigation has been launched, the police statement said.

To contact the editor responsible for this story: Elena Logutenkova at elogutenkova@bloomberg.net


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