Kweku Adoboli not guilty

• LONDON — A former UBS trader, Kweku M. Adoboli, pleaded not guilty Monday to charges of fraud and false accounting that led to a $2.3 billion trading loss at the Swiss bank last year.
(New York Times)
• Kweku Adoboli, 31, has been charged with two counts of fraud Oswald Gruebel and a shake-up of its investment arm to cut its exposure to risk.
(Reuters)
• Kweku Adoboli, 31, was nicked at 3.30am and is being held in London on suspicion of fraud. UBS said the unauthorised trading took place in its investment banking division. It added that customer accounts were not affected.
(The Sun)
• The Swiss banking giant had estimated the losses at £1.
(The Independent)