Talk:List of trading losses

I believe that the recent sub-prime losses taken by many banks recently should included in this list. —Preceding unsigned comment added by 192.193.245.16 (talk) 09:40, 24 January 2008 (UTC)[reply]

I completely disagree. Go back to the article and read the print carefully. As per my comment below, the list consists of "trading losses which eventually forced major corporations to go bankrupt or restructure parts of their organisation". To include subprime losses would require, at the very least, careful case-by-case consideration. Boycie

I reckon that opening line doesn't characterise the list very well. How about The following contains a list of notable trading losses, and the individuals who were blamed in the media. Many of the losses eventually forced major corporations to restructure or go bankrupt.. Notability lists are generally case-by-case anyway. --Bazzargh (talk) 20:44, 24 January 2008 (UTC)[reply]

We should differentiate between traders who fraudulently caused losses through unauthorized trades (like the Soc Gen guy) and people who were authorized to take risk and just ended up in losing positions (like Brian Hunter). Diablo1024 (talk) 19:40, 24 January 2008 (UTC)[reply]

LTCM

Isn't it kind of unfair to attribute the LTCM losses to Merriwether, Shouldn't they be allocated to the traders who held the positions(Hagani and Hillibrand mainly I guess), otherwise the Brian Hunter loss should go to the principal of Amaranth( Nicholas Maounis) —Preceding unsigned comment added by 193.69.253.23 (talk) 13:56, 24 January 2008 (UTC)[reply]

NAB

I'm not convinced this one really belongs - the loss of one month's profits is scarcely catastrophic. However, they did sack quite a few senior guys. Greglocock 05:51, 18 May 2007 (UTC)[reply]

China State Reserve Bureau

I'm not convinced this one belongs either - it didn't lead to losses at a major "corporation" since this is a government entity. Diablo1024 (talk) 19:46, 24 January 2008 (UTC)[reply]

I think the problem is more with the opening paragraph than the SRB getting a mention. I think it fails to capture why organizations are on this list, and why particular individuals are named. For starters I'll change 'corporation' to 'organization' to reflect the content of the list better --Bazzargh (talk) 20:10, 24 January 2008 (UTC)[reply]

Changed my mind. Corporations also includes Government-owned corporation. So that part of the definition, and this entry, are ok. --Bazzargh (talk) 20:30, 24 January 2008 (UTC)[reply]

Corporations can include government-owned corporations, but I don't think the SRB is one. This page's section on China talks about business entities that are capitalized partially by the government and partially from private sources, but the SRB is a purely government entity and not a government corporation. That's like calling the US Federal Reserve a corporation, which it definitely is not. 216.112.127.34 (talk) 14:57, 25 January 2008 (UTC)[reply]

Frans Afman

I just happen to find this page by chance. I'm not sure whether Frans Afman should be named here. If my memory serves me right, the defaulting loans were more or less forced on Mr. Afman by CL's head office in France, against his advice. And unless I'm very much mistaken, he had sufficient correspondence of this matter to ensure the Dutch central bank being able to force CL France to take these loans on its own books. I think including his name on this list in wholly unfair to him. MartinD, on the Dutch Wikipedia. 145.83.1.6 13:37, 29 June 2007 (UTC)[reply]

Societe Generale loss

As noted in the Societe Generale article, US$7.14 billion have been lost by a single trader. Details seem scarce at this time, but perhaps it should be added to this page as more information becomes available. 118.90.72.245 (talk) 13:25, 24 January 2008 (UTC) Other User: I input the soc gen info this am, and now it's gone and seems like very ip on planet has posted a bunch of stuff locking it up. can't someone repost the soc gen thing again, so it's there? Name seems to be Jerome Kerviel —Preceding unsigned comment added by 193.69.253.23 (talk) 14:29, 24 January 2008 (UTC)[reply]

Bloomberg states that the loss is $7.2 billion, not $8.1 billion. —Preceding unsigned comment added by 167.203.158.141 (talk) 13:59, 24 January 2008 (UTC)[reply]

Yes, EUR 4.9m is at a exchange rate of 1.46, USD 7.2bn —Preceding unsigned comment added by 160.57.144.21 (talk) 16:09, 24 January 2008 (UTC)[reply]

It is not technically correct to include SocGen on this page, as the list is supposedly one of "trading losses which eventually forced major corporations to go bankrupt or restructure parts of their organisation". As SocGen has done neither, this reference should be omitted. It would, at the very least, be a dubious matter to refer to a capital injection as a restructuring. —Preceding Boycie comment added by 170.148.198.156 (talk) 17:08, 24 January 2008 (UTC)[reply]

Trader named

http://www.ft.com/cms/s/0/c072c242-ca60-11dc-a960-000077b07658.html

Sowood

Jeffrey Larson Lost $1.5 Billion in the July '07 Credit Crunch... I think that may be list worthy. —Preceding unsigned comment added by 137.54.168.50 (talk) 15:57, 24 January 2008 (UTC)[reply]

Chen Juilin

This is not a possible Chinese name ('jui' is not a Chinese syllable). However as there is no reference, it's impossible to check. this needs to be removed or corrected and referenced.217.43.226.218 (talk) 22:12, 24 January 2008 (UTC)[reply]

ok, I'vefound it, it's Chen Jiulin.217.43.226.218 (talk) 01:53, 25 January 2008 (UTC)[reply]

Missing

( Prior Post... its Chen, Jui Lin, or Jui Lin Chen. )

No it's not. As I said, 'Jui' is not a Chinese syllable. 217.43.226.218 (talk) 01:51, 25 January 2008 (UTC)[reply]

Is the massive loss by the Hunt brothers significant enough to make the list? Didn't they burn a billion dollars? —Preceding unsigned comment added by 67.188.118.64 (talk) 00:25, 25 January 2008 (UTC)[reply]

The name of the Dexia Bank trader is Claude Hertveldt of Belgium —Preceding unsigned comment added by Ganshoren (talk • contribs) 01:44, 25 January 2008 (UTC)[reply]

I think this one falls into the list and caused UBS to be merged/taken over by Swiss Bank.

http://www.iht.com/articles/1998/10/03/ubs.t.php The loss was $700 million and the CEO took the responsibility, and was involved in the trade fromm the beginning.  —Preceding unsigned comment added by Shader68 (talk • contribs) 06:56, 25 January 2008 (UTC)[reply]

Giancarlo Parretti

Parretti's defaults and the losses of Credit Lyonnais for their dealings with Parretti shouldn't be included in here. First he was not a trader, neither an employee of Credit Lyonnais and finally the losses were not due to a trade. Wikihonduras (talk) 02:32, 26 January 2008 (UTC)[reply]

What About ...

Another column that has "Amount Lost (Adjusted for Inflation)". See who the biggest bad guy is ;).

--81.179.89.105 (talk) 20:32, 26 January 2008 (UTC)[reply]