Thursday, 22 September 2011
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Reuters, 22 Sep 2011
(Reuters) - In the lobby of Singapore's One Raffles Quay office tower, excited onlookers queue for a chance to sit in UBS AG's sleek Formula One car simulator.
Staff in T-shirts emblazoned with the Swiss bank's logo give tips on how to navigate the track that drivers Lewis Hamilton and Sebastian Vettel will roar around at Sunday's Formula One race in Singapore -- a glitzy, annual event sponsored this year by UBS.
The laughter echoing in the lobby was in stark contrast to the building's upper floors where a chastened UBS board huddled to consider last week's fallout from $2.3 billion in losses racked up by a London-based trader through a series of unauthorized trades. Full story
UBS splurges on Singapore F1 despite trading losses
(Reuters) - In the lobby of Singapore's One Raffles Quay office tower, excited onlookers queue for a chance to sit in UBS AG's sleek Formula One car simulator.
Staff in T-shirts emblazoned with the Swiss bank's logo give tips on how to navigate the track that drivers Lewis Hamilton and Sebastian Vettel will roar around at Sunday's Formula One race in Singapore -- a glitzy, annual event sponsored this year by UBS.
The laughter echoing in the lobby was in stark contrast to the building's upper floors where a chastened UBS board huddled to consider last week's fallout from $2.3 billion in losses racked up by a London-based trader through a series of unauthorized trades. Full story
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