Here's a quick look at some of the trading disasters which have occurred in recent years. Note that these are genuine foul-ups (or 'fat-fingered' trades), and not losses down to rogue traders.
A city banker who spent two years commuting to work using a photocopy of a train season ticket has lost his job after pleading guilty to the £8,000 fraud.
BNP Paribas is writing down part of the goodwill related to its BNL unit, which will result in a reduction to fourth-quarter earnings of about $983m.
The U.S. Securities and Exchange Commission has been building its own algorithms over about the past two years to better police trading of securities tied to mortgages and auto loans. In doing so, it says it’s now uncovered billions of dollars in trades that may raise red flags - from excessive mark-ups on bond sales to possible kickbacks for brokers who act as middlemen.
Lombard Street Research has published a tongue-in-cheek alternative guide to 2016 containing (highly) unrealistic (but amusing) scenarios.
Trader Talk presents the annual Christmas poem of Art Cashin, UBS director of NYSE floor operations.
Panmure Gordon, one of the City’s oldest stockbroking and corporate advisory firms, has warned it faces a full-year loss after a drop in company deals and transactions.
For one of the most straightforward trading strategies on the Street, 2015 has been a year to forget.
'$8,000 for a male brain, and $500 for a female brain'.
A central database for naughty bankers ?
Funds of hedge funds lost more than $100bn in 12 months because of outflows and poor performance, according to a new report.
Pelham Capital’s main hedge fund lost about 10% in June as the U.K.’s shock decision to exit the European Union sparked turmoil in global equity markets, according to two people with knowledge of the matter.
U.S. banks got a reprieve last week when the Federal Reserve gave them one more year to comply with a Volcker Rule ban on investing in private equity and hedge funds.