There are some shoes you just don’t want to walk in. The husband who gets caught, pants down, cheating on his wife. The politician accidentally exposing himself on social media. The investment banker who loses $2 billion in unauthorised trading.
Yesterday, UBS announced in a statement that it had “discovered a loss due to unauthorised trading by a trader in its investment bank later identified in the media as Kweku Adoboli, a director in the bank’s delta-one desk in London. The matter is still being investigated, but...