The course of events was that on Wednesday Mr Adoboli disclosed to UBS that he had engaged in unauthorised trades, in his role as part of UBS's so-called Delta One trading team, which deals in exchange traded funds (or tradable investment funds whose proliferation has concerned regulators).

BBC: UBS did not notice Adoboli's ?1.3bn loss

At the request of Pentagon security reviewers, the former general made famous by his command at JSOC doesn't use that term, instead substituting "Task Force 714" for JSOC, "Green team" for Delta, and "Blue" for SEAL Team 6.

NPR: McChrystal Takes Blame For Rolling Stone Article

After talking with representatives from Pinnacle, Neidl stated Gorman is "very experienced, " and "a good pick" for Delta's management team.

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