UBS trader Kweku Adoboli arrested over 'rogue' trades

Police in London have arrested a 31-year-old man in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated $2bn (£1.3bn).

Kweku Adoboli, believed to work in the European equities division, was detained in the early hours of Thursday and remains in custody.

Speaking to the BBC, Chris Roebuck from the Cass Business School said, "the leaders of the international banks have to look at the systems and culture."

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