Traders-Secrets in the Commodity Game Part Ten – UBS, Trafigura and Noble. A Turbulent Path

The author of this article has short positions in Trafigura and Noble

Dear UBS, (Traders when unsupervised, can destroy a 150-years tradition).

It is the strange case of Andre Flotron (bei UBS 1982-2014) André Flotron under the care of Swiss Attorney-general and the U.S. Department of Justice.

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In 2014, Citi, J.P Morgan, RBS, Barclay and UBS AG* have agreed to plead guilty for conspiring to manipulate the price of U.S. dollars and euros on the spot market, settling with the U.S department of Justice and its UK equivalent for $5.6B.

As the risk became incidental to the bank,...