UBS board to discuss $2.3b loss

Sacking looms as the bank’s directors will also meet in Singapore to review possible management changes.

A Bloomberg report said, “UBS AG’s directors will meet in Singapore later this week following the lender’s disclosure of a $2.3 billion loss from unauthorized trading, according to two people with knowledge of the situation.”

UBS officials declined to comment, according to the report.

View the report here.

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