UBS declines comment after trader charged

ZURICH, Sept 16 Fri Sep 16, 2011 9:47am EDT

ZURICH, Sept 16 (Reuters) - Swiss bank UBS declined to comment on Friday after London police probing a $2 billion loss at the bank charged trader Kweku Adoboli with fraud.

"The investigations are ongoing," a UBS spokesman said.

Adoboli, 31, who was a UBS director of exchange traded funds, will appear before City of London Magistrates court later on Friday. (Reporting by Emma Thomasson)