UBS $2bn loss Rogue Trading

[SwerBan]

If UBS has lost $2bn, who has won $2bn?

[boxtops]

I think it's another bank or company on the stock exchange - a bit here, a bit there - but it's all a bit beyond me, I have enough trouble managing my own income without gambling on what's going to happen to it next month!

[Hopkirk]

Some other rich gits have got even richer.

[boxtops]

Stig, is it in your boot?

[starone]

I always wonder that. I lost £700 in one of those things they get you to invest in in the Bank. You know, the sort you leave in for 5 years, can't remember what it was now. So where is my £700? I haven't got it, but it must be somewhere. Someone else has it, not me. But once bitten - you know the rest. When I am approached in the Bank now I ask them where my £700 is - they can't tell me and I am not going to risk any more losses.

[ubasses]

no one has it. reports say he was investing in swiss francs. the swiss devalued the franc as it is tied to the euro , so as it was worth less his investment was devalued. Provably didn't hedge.