In Canada, however, UHNW population on the decline
Full cost of settlement covered by litigation provisions in the second quarter
Swiss bank cites lawsuits, restructuring costs
Swiss bank plans to exit “uneconomical” fixed income businesss
U.S. Department of Justice finds execs corrupted competitive bidding process, defrauded municipalities
Alleged episode of rogue trading led to a US$2.3 billion loss
Kweku Adoboli linked with unauthorized trades
Millions of short sale orders affected
Profit forecast includes the US$2.3 billion loss resulting from unauthorized trading