After Nick Leeson’s $1.5 billion in fraudulent trades caused the failure of the venerable British bank Barings in 1995, you’d think all major banks would have put in place oversight controls to ensure that no trader would be able to repeat this incomprehensible and untenable feat. Yet Jerome Kerviel trumped Leeson in 2008 by perpetrating… Read more.
A tweet: Another rogue trader?
Thursday, September 15, 2011 at 9:34 AM