Today Stock Market News

Subscribe to RSS feed

« Deutsche Telekom pefers asset swap for UK unit:rpt
Euro-zone May retail sales slide 0.4% »

Rogue oil trader blamed for Tuesday spike

Unauthorized trading in oil futures by an employee resulted in a nearly $10 million loss for brokerage PVM Oil Futures and is being blamed for a dramatic spike in futures prices earlier this week.



Related market news:

Management failures helped rogue SocGen trader hide losses
Management mistakes helped Soc Gen rogue trader, report says
SocGen’s alleged rogue trader lands new job: reports
SocGen audit points finger at Kerviel’s wider circle: report
SocGen to replace investment banking chief: report
Morgan Stanley suspends trader for improperly markeing books
LSE reportedly to cut fees, increase trader incentives
The Fed: Wall Street divided on future rate hikes as jobless, oil spike
McKinsey warns of possible spike in oil prices after 2009
Todd Harrison’s Memoirs of a Minyan: Confessions of a former trader: a new series


Leave a Reply

You must be logged in to post a comment.

  • Top Investment Newsletters 2008 Returns:

    No. 1
    Trend Following Strategies
    +47%



    No. 2
    Today Hot Stocks
    +46%



    No. 3
    ETF Trading Signals
    +25%


    eToro Forex Trading
  • Archives

    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • March 2009
    • February 2009
    • January 2009
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008
    • June 2008
    • May 2008
    • April 2008
  • Recent Entries

    • Latest Market News
    • Hong Kong stocks slide, but China Eastern surges
    • Japan leader to dissolve lower house: report
    • Tokyo stocks waver in a range
    • Japan’s Kirin, Suntory in merger talks: report
    • V. Phani Kumar’s This Week in India: Monsoon worries, blue-chip earnings in focus
    • NewsWatch: Job concerns expected to weigh down retail sales
    • Capitol Report: Insiders bet that Bernanke will be reappointed
    • Parties ask for court delay in UBS-IRS spat
    • CitiGroup to extend acceptance of California IOUs
    • Stock Trading
      Miley Cyrus
      Hannah Montana Music
      Hannah Montana Disney Channel

Copyright © Today Stock Market News