This revelation, that it may have been almost impossible for UBS to spot Mr Adoboli's unauthorised dealings at an early stage, is expected to reinforce political pressure in Switzerland for UBS to hive off its investment bank (see my earlier post for more on this).

BBC: UBS loss 'came from lots of small trades over months'

The murder charge was dropped and he was sent to Switzerland to cool off.

ECONOMIST: Uday and Qusay Saddam Hussein

He claimed that Ewert had siphoned off corporate funds to buy a house in Switzerland, and hinted at other misdeeds.

FORBES: Magazine Article

The deal would have allowed Germans with undeclared assets in Switzerland to avoid punishment by making a one-off payment of between 21% and 41% of the value of their assets.

BBC: German upper house rejects Swiss tax deal

Switzerland were reduced to 10 men after 64 minutes when Lichtsteiner was sent off after a receiving a second yellow card for a foul on James Milner.

BBC: Switzerland 1-3 England