English   Deutsch   Русский   中文    

UBS: No Guts, No Glory

Sep 15, 2011 by Joerg Resch

I just read that UBS is reporting some 2 Billion $$ damage from "unauthorized deals" one of their investment bankers made. 2 years after Kerviel / Société Generale. This is the hard way of learning things. The only thing that now might really help those who will be asked why somebody is able to do unauthorized deals and create 2 Billion Dollars loss: Get the latest album from Australian Hard Rock Band Airbourne: "NO GUTS NO GLORY", take a day off and listen to it. Or for immediate relief, have a look at their "NO WAY BUT THE HARD WAY" video. Great music.


Author info

Joerg Resch
Co-Founder & Managing Director
Profile | All posts
KuppingerCole Blog
KuppingerCole Select
Register now for KuppingerCole Select and get your free 30-day access to a great selection of KuppingerCole research materials and to live training sessions.
Register now
RTSI asnd Future SOC
Statistics show that most data breaches are detected by agents outside of the organization rather than internal security tools. Real Time Security Intelligence (RTSI) seeks to remedy this.
KuppingerCole CLASS
Trusted Independent Advice in CLoud ASSurance including a detailed analysis of the Cloud Assurance management tasks in your company.
 KuppingerCole News

 KuppingerCole on Facebook

 KuppingerCole on Twitter

 KuppingerCole on Google+

 KuppingerCole on YouTube

 KuppingerCole at LinkedIn

 Our group at LinkedIn

 Our group at Xing
Imprint       General Terms and Conditions       Terms of Use       Privacy policy
© 2003-2015 KuppingerCole