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CITY of LONDON

UBS and the Magic Umbrella

UBS & The Magic Umbrella UBS & The Magic Umbrella With nothing in my diary of late I decided to attend the trial of Kweku Adoboli the “rogue trader” of UBS. It has been alleged that he and he alone was responsible for up to an eye popping $2.5 Billion in trading losses. Kweku is Twi (Ghanaian) for Wednesday born, and the name is associated with a hard-nosed type of boy, but looking at Kweku he seems an affable type of young man. Sitting in the courtroom surrounded by his legal team he seemed like somebody glad that the show has began. Other than his legal team only his sister and another fellow were there to provide moral support. With a platoon of News reporters in attendance, I was infor

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