Borthwick Doubts UBS Loss Was From Proprietary Trade

Sep. 15, 2011 - 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. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Cohan is a Bloomberg View columnist. The opinions expressed are his own. Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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Borthwick Doubts UBS Loss Was From Proprietary Trade