Tag:
Rogue Traders
Latest Headlines
Latest Headlines
UBS stumbles, rogue trader case proceeds
The Kweku Adoboli scandal has been nothing short of a nightmare for UBS. The rogue trader's $2.3 billion losses prompted the resignation of CEO Oswald Grübel and the co-heads of equities. Eight
Rogue trader sinks earnings at UBS
After all the rogue traders we've seen at the likes of Societe General, Barings and even Morgan Stanley (on a smaller scale), it still shocks me that banks allow this stuff to happen. This is one of
Jerome Kervial trial coming in June
Jerome Kerviel certainly did not go quietly into that dark night usually reserved for "rogue" traders. He ended up writing a book that proclaims his innocence of charges that he horrifically gamed
Watch for back office fraud too
Wall Street has been grappling with rogue traders for a while now. Code filching has also cropped up as an issue. To add to the list of troubling compliance issues, we might add back-office fraud
Rogue broker causes oil spike
The top financial firms have been actively taking steps to prevent rogue brokers from gaming their systems. But there will always be rogues, it seems. The latest: An oil trader at PVM Oil Associates,
Big scam could hit Lehman earnings
Lehman Brothers made a big loan to a medical consulting firm owned by Tokyo-based biotech firm LTT Bio-Pharma. The money was meant to finance hospitals buying medical
