Singapore's SWF stands as the biggest loser in the UBS trading scandal, facing a $7.4B hit if...

|By:, SA News Editor

Singapore's SWF stands as the biggest loser in the UBS trading scandal, facing a $7.4B hit if shares don't recover. The fund also faces a $500M loss on its stake in Citigroup (C +4.4%). A finance prof in Singapore masters the obvious: "The SWF’s investments in international financial firms have not panned out as well as they hoped."