20 November 2012 Last updated at 06:36 ET
Kweku Adoboli shed tears while giving evidence during the trial
A City trader who lost £1.4bn of Swiss bank UBS’s money has been found guilty of one count of fraud.
Kweku Adoboli, 32, of Whitechapel, east London, denied four charges of false accounting and two of fraud between October 2008 and September 2011.
The prosecution told Southwark Crown Court he was “a gamble or two away from destroying Switzerland’s largest bank”.
Mr Adoboli said he was encouraged to take risks by his bosses. The jury is deliberating on the other charges.
Seven years for £1.4bn UBS trader
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