### Comment:
&gt; [In an official statement, the Swiss bank also disclosed that the losses stemmed from 'unauthorized speculative trading in various S&amp;P 500, DAX, and EuroStoxx index futures' over the past three months.](https://www.telegraph.co.uk/finance/financial-crime/8772540/Fictitious-hedges-see-UBS-rogue-trader-losses-climb-to-2.3bn.html) 
  
 It seems our UBS friend lost it to market ETFs lol

### REPLY:
&gt;got drunk    
  
 &gt;lost $2B   
  
 &gt;three months     
  
 Hell of a bender.

### END.