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'Dr Evil' Trading Strategy Turns Up Heat On Citigroup

Yes, it's those bond trades again. Briefly, back in August Citigroup traders sold billions of dollars of shares in the Euro MTS bond market, panic ensued and prices fell. Just a short while later, Citigroup stepped in and repurchased some of the same bonds and is said to have made a cool profit of $22m. Rival traders were incensed, and ever since the trades were executed, Citigroup has been on the ropes.

Ten Years After Barings - Where Are They Now ?

It is coming up to the 10th anniversary of when Nick Leeson bust the bank that was Barings. The Observer has had a quick look at what happened to the few who enjoyed their 15 minutes of fame as a result of the scandal.

The Strange Case Of Peter Young

It was in September 1996 when trading in three Morgan Grenfell investment funds was suspended following the discovery of certain 'irreguarities'. Peter Young, the fund manager at the center of the affair, is said to have trod the fine line between genius and eccentric.

Glencore - The Facts

Reuters reports that commodity trader Glencore has confirmed its IPO price at 530 pence a share, valuing the company at around $60bn. The IPO is said to have been 'significantly oversubcribed'.

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