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Since purchasing the indebted London club in June 2003, the Russian has spent in excess of £1 billion trading players like horse flesh in and out.
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AN OLD line of Hank Paulson's has been dusted off since news broke of a €4.9 billion ($7.2 billion) trading loss at Société Générale, France's second-largest bank.
The bank's chief investment office — the one that incurred the $2 billion trading loss — was responsible for managing the firm's risk.
In the first six months of the year, they made about $15 billion trading in these things.
While JPMorgan has long been regarded as one of the nation's strongest banks, the circumstances surrounding its $2 billion trading loss look depressingly familiar.
Mr. Adoboli, 32, is charged with six counts of fraud and false accounting in connection with a $2.3 billion trading loss at UBS.
Ina Drew and two JPMorgan Chase traders are leaving in the wake of the bank's $2 billion trading loss, and others could follow.
Let's start with JPMorgan's $6.2 billion trading loss.
JPMorgan Chase's $2 billion trading loss continued to hang over bank stocks.
Most analysts estimate that Japanese online investors lost $2.5 billion trading currency last month.
For example, regulators have accused the bank of resisting scrutiny of the $6 billion trading loss in London.
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