List_of_trading_losses

List of trading losses

List of trading losses

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The following contains a list of trading losses of the equivalent of US$100 million or higher. Trading losses are the amount of principal losses in an account.[1] Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest.

This list includes both fraudulent and non-fraudulent losses, but excludes those associated with Bernie Madoff's Ponzi scheme (estimated in the $50 billion range) as Madoff did not lose most of this money in trading.

More information Nominal amount lost, USD FX rate at time of loss ...

See also


References

  1. Doss, Jason R. & Frankowski, Richard S. (2013). "The Practitioner's Guide to Securities Arbitration." Chicago: American Bar Association. p. 85. http://www.frankowskifirm.com/chapter-14-damages.doc Archived 2014-10-06 at the Wayback Machine
  2. "Foreign Exchange Rates (Annual), Federal Reserve Statistical Release G.5A". Annual average for year quoted in table (usually year loss reported). All except AUD, EUR, GBP expressed as currency per USD
  3. "US Consumer Price Index". Archived from the original on 2017-12-01. Using annual average CPI for year cited to 2007 average.
  4. "Archegos poses hard questions for Wall Street". www.ft.com. 29 March 2021. Retrieved 2021-03-30.
  5. Schwartz, Nelson D. (2008-01-25). "A Spiral of Losses by a 'Plain Vanilla' Trader". The New York Times. Retrieved 2008-01-25.
  6. Brian Hunter, Amaranth, hedge funds, Bloomberg Businessweek, "A Rogues' Gallery of Traders", September 16, 2011. Retrieved 2014-01-09.
  7. FAILED WIZARDS OF WALL STREET, BusinessWeek, 1998-09-21. Retrieved 2008-03-21
  8. Aliaj, Ortenca (31 January 2021). "Hedge fund Melvin sustains 53% loss after Reddit onslaught". Financial Times. Retrieved 1 February 2021.
  9. Rogue copper trader draws eight-year prison term Archived 2009-01-10 at the Wayback Machine, Japan Times, 1998-03-26. Retrieved 2008-03-21
  10. "Brazil Stocks Tumble After Aracruz, Sadia Post Currency Losses". Bloomberg.com. 26 September 2008. Retrieved 27 April 2010.
  11. "Aracruz Fails to Settle $2.13 Billion Derivative Loss (Update6)". Bloomberg.com. 12 December 2008. Retrieved 27 April 2009.
  12. The Effect of the Orange County Bankruptcy on Residential Real Estate Prices[permanent dead link], Thomas A. Evans, Chicago Graduate School of Business, November 14, 2006
  13. Greenwald, John (December 19, 1994). "The California Wipeout". Time. Archived from the original on May 14, 2007. Retrieved 2007-07-22.
  14. "Showa Shell Sekiyu K.K." www.fundinguniverse.com. Retrieved 27 April 2009.
  15. "Determined Loser. (Kashima Oil)". The Economist. April 16, 1994.
  16. Adoboli, Kweku (2011-09-15). "Kweku Adoboli arrested". Business Insider. Retrieved 2008-03-25.
  17. Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World by Nick Leeson and Edward Whitley (Hardcover - Mar 1996) ISBN 0-316-51856-5
  18. How Gref and Tokarev downshifted Russia Moscow Post, February 12, 2016.
  19. The trading that generated losses ended in 2000 but the losses were not uncovered until 2006. The USD equivalent shown here is for 2000; it is often quoted as USD 1.9 bn which is the euro amount converted at the 2006 FX rate.
  20. Groendahl, Boris (July 13, 2007). "Trial begins Monday for suspects in Austrian bank scandal". New York Times. Retrieved 3 May 2010.
  21. An Unusual Path to Big-Time Trading, New York Times, September 27, 1995. Retrieved 2008-01-24
  22. Martin Schwartz, Paul Flint, Dave Morine, Pit Bull: Lessons from Wall Street's Champion Day Trader, pg. 171, HarperBusiness, 1999 ISBN 0-88730-956-9
  23. "France nabs trader over Caisse d'Epargne losses". www.politicalscandalnews.com / AFP Global Edition. 30 October 2008. Archived from the original on 2017-12-06. Retrieved May 4, 2010.
  24. "Perdigão Acquires Sadia". ThePoultrySite.com. 20 May 2009. Retrieved 27 April 2010.
  25. Bernabei, Silvia Aloisi, Stefano (2013-02-06). "Monte Paschi puts derivatives loss at 730 million euros". Reuters. Retrieved 2020-10-01.{{cite news}}: CS1 maint: multiple names: authors list (link)
  26. "Sad episodes of Global securitisation: The Hall of Shame". Archived from the original on 2008-05-09. Retrieved 2008-03-09.
  27. WestLB ousts top traders after losses, Times Online, April 5, 2007
  28. Markham, Jerry W. (2002). A Financial History of the United States, Volume 1. Armonk, NY: me Sharpe. p. 20.
  29. Heckinger, Richard; David Marshall; Robert Steigerwald (November 1, 2009). "Financial Market Utilities and the Challenge of Just-In-Time Liquidity" (PDF). Chicago Fed Letter (268a). Chicago: Federal Reserve Bank of Chicago.
  30. Hornby, Lucy (25 January 2019). "Sinopec reveals $690m quarterly loss from crude hedging". Financial Times.
  31. Batnick, Michael (2018) Big Mistakes: The Best Investors and Their Worst Investments
  32. Anatomy of a Staggering Loss, New York Times, 1987-05-11, Retrieved 2008-01-24
  33. Treasurer of West Virginia Retires Over Fund's Losses, New York Times, July 10, 1989. Retrieved 2008-03-22
  34. In the Matter of Orlando Joseph Jett, U.S. Securities and Exchange Commission, March 5, 2004
  35. The Bankruptcy Development That Has Wall St. Worried, New York Times, 2007-02-23. Retrieved 2008-01-24
  36. Banking: Watchdogs caught napping, Financial Times, 2007-10-29. Retrieved 2008-01-24
  37. Calyon Trader Fired for Losses Says He's No Rogue, Bloomberg, 2007-10-10. Retrieved 2009-06-01
  38. 当社海外連結子会社での損失発生について Mitsubishi Corp. 2019-09-20. Retrieved 2019-09-20
  39. https://www.mitsubishicorp.com/jp/en/pr/archive/2019/doc/0000038364.doc Mitsubishi Corp. 2019-09-20. Retrieved 2019-09-20
  40. Former NAB trader pleads guilty, The Age, 2005-06-14. Retrieved 2013-03-16
  41. Nikkei Inc. (1997) 銅マフィアの影 ドキュメント・住商事件 (A Trap of the Cooper-Fingers: Sumitomo Corp. Scandal); 世界の主な金融・商品取引の失敗例(金額順) ISBN 4532146348
  42. "Codelco takes $200 million hit". Futures (Cedar Falls, Iowa). Futures Magazine Group. 1 March 1994. ISSN 0746-2468. Retrieved 27 April 2009.
  43. Niesmann, Andreas (2016-06-05). "Bank-Irrtum zu seinen Gunsten". focus.de. Retrieved 2017-03-24.
  44. "Allied-Lyons Reports Big Loss on Currency", New York Times, March 20, 1991
  45. 法令違反の疑いも浮上する 名門・南山学園の資産運用の闇 (in Japanese) Weekly Diamond; Diamond Inc.; February 21, 2013.
  46. Procter & Gamble's Tale of Derivatives Woe, International Herald Tribune, 1994-04-14. Retrieved 2008-01-24
  47. Smith, Adam (September 4, 1972). "How My Swiss Bank Blew $40 million And Went Broke". New York Magazine. pp. 23–32 via Google Books.
  48. City gripped by mystery of the phantom copper dealer, The Times, 2005-11-15. Retrieved 2008-01-24
  49. Copper bottom, The Observer, November 20, 2005
  50. SFO probes NatWest black hole, Daily Telegraph, 1997-06-27. Retrieved 2008-01-24
  51. Rogue Wheat Trader Blamed for $141 Million Loss, New York Times, 2006-02-28. Retrieved 2008-03-03
  52. Levy, Rachael; Hoffman, Liz (2019) "SoftBank Founder Masayoshi Son Lost $130 Million on Bitcoin" Wall Street Journal
  53. Craig, Suzanne; Mollenkamp, Carrick (2008-06-19). "Still 'Brutal' at Morgan Stanley". The Wall Street Journal. Dow Jones. p. C1. The trader, identified as Matt Piper, handled credit-index options that can act as insurance against defaults.
  54. Croat trader puts bank in $109.87 (£70)m crisis, Daily Telegraph, 2003-03-24. Retrieved 2008-01-24

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