Posts Tagged rogue trader

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

A few months ago we heard about the 32 year old rogue trader, Kweku Adoboli who lost over £1.4 billion of his employers money trading the markets. The trial has just recently got underway in the UK and more details of his finances have come into the public domain. So, not only did he lose the vast amount of money trading the bank's money, he also lost a fair bit on his personal accounts, spreadbetting the markets. He had an account with the spreadbet broker Igindex and lost £123,000 wit

September 17, 2012 No Comments Full Story

Meet the Original Rogue Trader – Nick Leeson

Meet the Original Rogue Trader - Nick Leeson

For those of you in the UK, I found this event which maybe of interest to you.... an opportunity to meet the original Rogue Trader, Nick Leeson. You read about these rogue traders in the news all the time with the recent one being the UBS guy,  Kweku Adoboli and previous chap, Kerviel from Societe Generale. Nick, however, was the original Rogue Trader losing over £800 million in 1995 and bankrupt Barings bank. He was sent to jail for 6 years in Singapore. A film starrring Ewan McGreg

November 1, 2011 2 Comments Full Story