UBS said in a statement they were "glad" criminal proceedings against their former employee Kweku Adoboli had "reached a conclusion." Adoboli was jailed today for seven years for committing the UK's largest ever fraud.
We are glad that the criminal proceedings have reached a conclusion and thank the police and the UK authorities for their professional handling of this case. We have no further comment.
More top news
The first British boxer to win an Olympic gold medal beat Andre Dirrell in Boston last night to fight his way into the history books.
Louis Walsh reignites the flames of his row with by claiming she would refuse to be an X Factor judge if Nicole Scherzinger returns.
Ex Army chief calls on Government to "think the previously unthinkable" and consider sending ground troops to combat Islamic State.