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The hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.'s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg.
French judges questioned former Societe Generale trader Jerome Kerviel and his former boss Thursday in possibly his last hearing in the yearlong probe into the world's biggest trading loss.
A Paris judge on Thursday filed preliminary charges against a trader suspected of losing more than 600 million euros ($751.5 million) in complex derivative trades at French mutual bank Caisse d'Epargne, a judicial official said.
The top Republican on the House Financial Services Committee struck paydirt on a stock option last year after betting that a Chinese advertising company would jump in value.
From his office in a strip mall in the Southern California desert, energy trader Bill Rapp bet heavily that Hurricane Katrina would cause natural gas prices to go up and up and up.
French police were questioning a second trader Friday about whether he knew of trades that led to billions in losses at bank Societe Generale, according to a newspaper report.
French police had a second trader in custody Friday in their probe of trades that led to massive losses at bank Societe Generale, respected daily Le Monde reported.
It truly takes guts to seal this deal: Scotland wants the United States to lift its ban on haggis, hoping to boost sales of the country's sheep-stomach-based national dish.
The trader in the $7.14 billion fraud at French banking giant Societe Generale was Jerome Kerviel, a person with knowledge of the case said Thursday.
News Trader arrested for French bank losses - News from France - ExpaticaFrench police detain a Caisse d'Espargne trader suspected of losing EUR 750 million. 30 October 2008 PARIS - French police on Wednesday arrested a trader from the Caisse d'Epargne bank for the loss of EUR 750 million in trading, officials said.
Rogue Wheat Trader Blamed For $141 Million LossA rogue trader at MF Global Ltd. rang up $141.5 million in losses on the broker's account this week, the company said Thursday, a black eye that cost the company almost a fifth of its market value.
How to Lose $7.2 Billion: A Trader's TaleToday, two weeks after Mr. Kerviel's beach break was cut short, a picture is starting to come together of the junior trader who, undetected, caused the largest single trading hit in banking history.
Rogue trader in £3.6bn fraud threatens to 'name names' as bank admits he may have had a lot of helpWell, he did not act alone...good news, in the sense that one individual would not really be able to circumvent all the checks and balances...but bad news, in the sense that it appears that SocGen may well be as corrupt and inept as has long been rumoured in the marketplace.
Derivatives House of the Year - Société Générale -- presented, this very month, its Equity Derivatives House of the Year award for 2008 to... ta daa... Societe Generale.Risk Magazine -- the finance industry magazine focused on risk management -- presented, this very month, its Equity Derivatives House of the Year award for 2008 to... ta daa... Societe Generale.
I just find this whole story hard to believe! According to the official version of events, a single, undistinguished trader ran rings round SocGen's vast risk management system to take massive – and as it turns out, un-hedged – positions in European equity futures."
Bank Fraud Strikes France AgainSociété Générale, France's second-largest bank has uncovered a fraud by one of its traders which will have a 4.9-billion-euro ($7.16-billion U.S.) negative impact on the group. That is FRAUD.
A Wall Street Trader Draws Some Subprime Lessons: Michael Lewis So right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money to poor people.
Trader BooI found some very useful tips of wise investing in 2007 on that blog, which I agree very much with.
Lik Sang Forced To CloseThe popular gaming retailer from Hong Kong, has today announced that it is forced to close down due to multiple legal actions brought against it by Sony Computer Entertainment Europe Limited and Sony Computer Entertainment Inc.
Find A Legitimate FX Mentor and Training CourseDo not fail before you even start trading foreign currency by making the mistake most rookies make. It has now been over a year and a half since I stumbled across Foreign Exchange trading while surfing the internet.
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