Category Archives: Rogue Trader

“Whale” Swallows Half of Dimon’s Pay at J. P. Morgan.

January 17, 2013 – “Whale” Swallows Half of Dimon’s Pay: Pictured above, J. P. Morgan Chase CEO Jamie Dimon. A report on J.P. Morgan’s London Whale debacle, which cost the firm billions in losses and resulted in the slashing of … Continue reading

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UBS is Expected to Face a Multi-Million Dollar Fine in Rogue Trader Fiasco.

November 24, 2012 – UBS is expected to face a multimillion-dollar fine in connection with the $2.3 billion trading loss caused by a former trader:  Update from a January 30, 2012 post. The potential fine by British authorities against the Swiss … Continue reading

Posted in Africa, Commodities, Economic, Economics, Events, London, Misc, Miscellaneous, Rogue Trader, United Kingdom | Tagged , , , , ,

For J.P. Morgan Trader, From ‘Caveman’ to ‘Whale’ – WSJ.com

May 17, 2012 – How Could J.P. Morgan Lose $2 Billion?  Months before Bruno Iksil became famous as the “London whale,” the trader who contributed to a loss of more than $2 billion at J.P. Morgan, earned a different nickname: the “Caveman,” … Continue reading

Posted in Economic, Economics, Events, Misc, Miscellaneous, Rogue Trader, United Kingdom, United States | Tagged , | 2 Comments

Show Me the Money!

December 7, 2011 – Show Me the Money: As much as $1.2 billion is “missing” from customer accounts! As MF Global’s bankruptcy recedes further into the past its problems are not going away. Since the firm, which was led by … Continue reading

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Rogue Trader Loses $1.5 Billion!

September 28, 2011 – Rogue Trader Loses $1.5 Billion: London police charged Kweku M. Adoboli, a 31-year-old UBS trader, with fraud after the Swiss bank said it lost $1.5 billion because of unauthorized trades. Haven’t these people heard of internal … Continue reading

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