Why Do Rogue Traders Always Lose Money?
Another rogue trader has caused huge losses at a major financial institution. MF Global Inc., which is largest broker of exchange-traded futures and options contracts, has said it set aside $141.5...
View ArticleLike Registered Sex Offenders, Rogue Traders *Can* Go On To Lead Productive,...
Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Jerome Kerviel, Nick Leeson, Rogue Traders
View ArticleJerome Kerviel: Yeah I Faked Some Trades
Was that wrong? Should he not have done that? Under questioning by Judge Dominique Pauthe, Kerviel said he began making larger bets in 2005 and started falsifying transactions indicating he had covered...
View ArticleIrate French Controller’s Got Jerome Kerviel’s Number
The other day we noted that in the course of making fake trades at SocGen, Jerome Kerviel had invented a fake client who he’d named Matt, whose bio Kerviel added little flourishes to such as the fact...
View ArticleFacebook ‘Friends’ Find Unimaginably Cruel Way To Kick Kweku Adoboli When...
As the users of Mark Zuckerberg’s poking machine among us can attest, there are many things you can expect from your Facebook friends. You can expect that they’ll keep you abreast of every...
View ArticleKweku Katastrophe Prompts ‘If You See Something, Say Something’ Reminder From...
Don’t let one bad apple ruin it for the rest of us- be vigilant, my beautiful babies. From: ibbroadcast@ib.jpmorgan.com To: Investment Bank, North America Sent: Thursday 9/15/2011 2:42PM Subject:...
View ArticleUBS Investment Bank Chief Urges Employees To Remember Firm’s Legitimate Months
Carsten Kengeter, head of UBS’ investment banking division, sent a rallying message to staff on Sunday night urging them to “move forward forcefully and decisively” following the disclosure of $2.3bn...
View ArticleKweku Adoboli Feels Pretty Bad About The Whole…Y’Know
UBS trader Kweku Adoboli, accused over the Swiss banking giant’s $2.3 billion losses from unauthorized trades, was “sorry beyond words,” his attorney said Thursday. [NYP] Continue reading »Follow...
View ArticleUBS Clients Don’t Get Out Of Bed For Less Than $50 Billion In Losses
So far, the trading scandal doesn’t appear to have significantly hurt the confidence of UBS’s wealthy clients, who had pulled hundreds of millions of francs from the bank in 2008 and 2009 after Swiss...
View ArticleChinese Rogue Trader Sentenced To Death (But Not Really)
A Chinese rogue trader who ‘cheated’ investors on her way to losing £10m in gold trading has been sentenced to death today. The 30-year-old Wang Caipang was handed the sentence by a court in Wenzhou in...
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Pope Francis, Rogue Trader Have A Chat
Rogue trader Jerome Kerviel may have fallen from grace in the banking world. Inside Vatican City, however, he was granted a brief audience Wednesday with Pope Francis himself. Mr. Kerviel, the former...
View ArticleCredit Suisse Investing In Spy Technology In Hopes Of Preventing Headlines...
You can sort of see where they're coming from?
View ArticleEx-Société Générale Trader Wants 5.7 BILLION Euros From Bank Because F*ck...
And you can't ask for 5.7 bajillion euros.
View ArticleGlobal Banks Looking For New And Inventive Ways Of Spying On Employees
Investments in surveillance technology are so hot right now.
View ArticleJerome Kerviel: Yeah I Faked Some Trades
Was that wrong? Should he not have done that? Under questioning by Judge Dominique Pauthe, […]
View ArticleIrate French Controller’s Got Jerome Kerviel’s Number
The other day we noted that in the course of making fake trades at SocGen, […]
View ArticleFacebook ‘Friends’ Find Unimaginably Cruel Way To Kick Kweku Adoboli When...
As the users of Mark Zuckerberg’s poking machine among us can attest, there are many […]
View ArticleKweku Katastrophe Prompts ‘If You See Something, Say Something’ Reminder From...
Don’t let one bad apple ruin it for the rest of us- be vigilant, my […]
View ArticleUBS Investment Bank Chief Urges Employees To Remember Firm’s Legitimate Months
Carsten Kengeter, head of UBS’ investment banking division, sent a rallying message to staff on […]
View ArticleKweku Adoboli Feels Pretty Bad About The Whole…Y’Know
UBS trader Kweku Adoboli, accused over the Swiss banking giant’s $2.3 billion losses from unauthorized […]
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