By Marcus Leach
Mr Adoboli's actions have already cost the bank $2 billion (£1.3 billion), and that figure could rise as a full investigation into the extent of his illicit trading takes place.
Having confessed to his own crime he will appear at City of London Magistrates' Court this afternoon (Friday).
As well as that the Financial Services Authority (FSA) is investigating why the Swiss bank did not identify the trades.
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