Borthwick Doubts UBS Loss Was From Proprietary Trade
Sept. 15 (Bloomberg) — Doug Borthwick, managing director and head of FX trading at Faros Trading, and William Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World” and a Bloomberg View Columnist, talk about UBS AG’s $2 billion loss from unauthorized trading. Borthwick and Cohan also discuss Europe’s sovereign debt crisis.