TUESDAY FEBRUARY 26
Rumors Of Trading Losses Greatly Exaggerated

Except that’s not entirely true. Not at all true, actually. But just writing that headline made us feel a teeny bit better. Here’s the latest from Citigroup on how its traders pulled a full-on Kerviel, racking up losses of more than $100 million on 15 separate days (count it, 15; not a typo) of 2007. So, what the Sam Hill happened?

February 2008

Login Required

Enter your login details here

E-mail:

Password:

New User?

Sign up to get free access to TraderDaily.com