UBS "rogue trader" granted bail

City A.M. Reporter
Former UBS trader Kweku Adoboli, who is accused of unauthorised deals that cost the Swiss bank $2.3bn (£1.5bn) has been granted bail at Southwark Crown Court.

Adoboli, who denies charges of fraud and false accounting relating to the loss, was arrested last September. He was previously denied bail in February.

Friday's bail application was heard behind closed doors and the exact conditions were not disclosed to media but Tim Harris, a lawyer acting for Adoboli, said there were sureties involved, that the defendant would have to live at a friend's house in London under curfew and that he would be tagged.

The start of the trial has been set for September 3.