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30 of the biggest trading losses of all time

30 of the biggest trading losses of all time

23.02.2017 / 11:01

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Here's a league table of 30 of the biggest trading losses of all time

1. Amaranth Advisors (Brian Hunter) - $6.5bn (Gas futures) 2006

2. Bank Negara Malaysia - $6.2bn (mostly currencies) 1992-93

3. JPMorgan - $6.2bn (Synthetic Credit Securities)

4. Societe Generale (Jerome Kerviel) - $5.9bn (European index futures) 2008

5. Long Term Capital Management - $4.6bn (Interest rate and equity derivatives) 1998

6. Credit Suisse - $2.65bn (mispriced debt securities) 2008

7. Sumitomo Corporation - $2.6bn (Copper futures) 1996

8. Bawag - $2.5bn (Currency and interest rate swaps) 2006

9. UBS - $2.3bn (Unauthorised equities trading)

10. Citic Pacific - $2bn (FX) 2008

11. Metallgesellscahft - $1.6bn (Oil futures) 1993

12 Sowood Capital Management - $1.6bn (Debt securities)

13. Barings - $1.4bn (Nikkei futures) 1995

14. Credit Suisse - $1.3bn (Emerging markets) 1998

15. Daiwa Bank - $1.1bn (bonds) 1995

16. Caisse d'Epargne - $808m (equity derivatives) 2008

17. Bank of Montreal - $800m (Natural gas options) 2007

18. WestLB - $800m (Equities) 2007

19. Paulson & Co - $720m (equity in Sino-Forest Corp) 2011

20. Allied Irish Bank - $700m (Currencies) 2002

21. Morgan Grenfell - $700m (Equities) 1997

22. UBS - $500m (Derivatives) 1998

23. Kidder Peabody - $ 400m (US T-Bills) 1994

24. Dexia - $400m (Bonds) 2001

25. CIC - $400m (Equity derivatives) 2005

26. Merrill Lynch - $377m (Mortgages)

27. Calyon - $350m (Credit indices) 2007

28. National Australia Bank - $300m (Currencies) 2004

29. Salomon Brothers -$250m (Mortgages) 1986

30. NatWest Markets - $250m (Options) 1997

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30 of the biggest trading losses of all time

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