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Unauthorized Trading - MSN Newsfeeds
- Chicago Tribune - His more than $1 billion in unauthorized trading losses trashed one of England's oldest banking institutions and sent him to prison. His story was also told in the film "Rogue Trader" starring Ewan McGregor. As stunning proof that free enterprise ...
- Xinhua News Agency - According to Jean-Michel Aldebert, head of the Paris prosecutor's office for financial crimes, the investigation underway was looking into whether Kerviel conducted his unauthorized trading with assistance from other bank employees. He added it ...
- AOL - ... questions over its leadership, takeover speculation and a falling stock price. "Societe Generale is in a crisis situation," Economy Minister Christine Lagarde told LCI television. On January 24, SocGen said it had uncovered unauthorized trading by ...
- Tocqueville Connection - Jean-Michel Aldebert, head of the Paris prosecutor's office for financial crimes, said the probe was looking into whether the junior trader was able to cover up his unauthorized trading with help from other bank employees. BACK ...
- Salt Lake Tribune - The company's board rebuffed calls by President Nicolas Sarkozy for top executives to face the consequences of the huge losses resulting from the unauthorized trading, giving Chairman and CEO Daniel Bouton and co-Chief Executive Philippe Citerne ...
- Globe and Mail - Sumitomo in 1996 reported losses of $2.6-billion (U.S.), run up in 10 years of unauthorized trading carried out by its former head trader, Yasuo Hamanaka, who was trying to corner the copper market. The scandal triggered investigations into trading ...
- International Herald Tribune - French financial police have questioned Jérôme Kerviel, the trader whom Société Générale says lost billions in unauthorized trading bets using its money, at length about his role in the alleged fraud. Following are translations, by the ...
- FOX News - The company's board rebuffed calls by President Nicolas Sarkozy for top executives to face the "consequences" of the huge losses resulting from the unauthorized trading, giving Chairman and CEO Daniel Bouton and co-Chief Executive Philippe Citerne ...
- Bloomberg - Societe Generale SA surged on speculation the bank may get a bid after it reported a 4.9 billion-euro ($7.2 billion) loss from alleged unauthorized trading. The Dow Jones Stoxx 600 Index added 1.8 percent to 324.31, rebounding from a 1.1 ...
- Bloomberg - Jan. 29 (Bloomberg) -- French President Nicolas Sarkozy said senior executives at Societe Generale SA should face ``consequences'' for the record loss that resulted from unauthorized trading at the bank. Sarkozy, 53, told reporters after a speech ...
- RTT News - SembCorp Marine Subsidiary Jurong Shipyard To Pay US$115.45 Mln. To Societe Generale For Closing Unauthorized Trading - Update [SMBMF.PK] 11/19/2007 12:10:43 AM Sunday, marine engineering company SembCorp Marine said that it has enlarged its ...
- Riverside Press Enterprise - In October 1995, he was dismissed for misappropriating corporate funds and unauthorized trading. Duncan's termination by Olde Discount Corp. was mentioned by Washington state's Department of Financial Institutions in a 2003 ...
- Bloomberg - Credit Agricole's Calyon investment-banking unit fired a trader in New York in September for unauthorized trading that led to 230 million euros of losses. The bank said excluding that trading loss, profit would have risen 6.5 percent from a year ago ...
- New York Post - In 1998, according to Institutional Investor News' BondWeek, Meyer was fired from Merrill Lynch for "unauthorized" trading in Treasury bond futures, causing losses of between $10 million and $20 million. His NASD regulatory record, or U-4, disclosed ...
- Safe Haven - The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a 'golden child' of the New York office. 'There was ...
- Safe Haven - The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a 'golden child' of the New York office. 'There was ...
- Bloomberg - Calyon Trader Fired for Losses Says He's No Rogue The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a ``golden child ...
- Bloomberg - While Lazarus engaged in unsuitable and unauthorized trading in the accounts of some customers who were sick and elderly,'' other brokers in the office ``did so in the guardian accounts established for the long-term care of children injured at birth ...
- Bloomberg - Oct. 10 (Bloomberg) -- The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a ``golden child'' of the New York office ...
- Bloomberg - Oct. 10 (Bloomberg) -- The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a ``golden child'' of the New York office ...
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