Subscribe to this blog's feedRemember UBS warning about $10 billion writedowns? Looks like they were being optimistic. The real figure's $14 billion.
And, on the SG story, a new angle - we understand that Kerviel hid the risk involved in his trades by reporting fictitious offsetting trades, but how on earth did he get the $5 billion in margin deposits he needed without raising eyebrows at SG?
