Your English writing platform
Discover LudwigSuggestions(5)
Exact(14)
Given the size of the position in the relatively quiet market, the seller was quickly revealed as JPMorgan.
In August, some directors questioned the chief executive, asking him to reduce the size of the position.
The next year Mr. Burnham doubled the size of the position, and Mr. Milken doubled the size of his group's profit.
The size of the position automatically fell in December after the government bought new shares to inject £15bn into the bank to 0.36% of the shares in issue.
To conceal the size of the position, he entered "multiple false entries" into a Goldman trading system, booking trades that he never actually made.
Whether or not the numbers were mismarked, it was baffling that the size of the position and its obvious vulnerability did not warrant a closer look, says Peter Tchir, a consultant to hedge funds and other institutions.
Similar(46)
But if there are few signs of a bounce-back this week, I may still trim the size of the positions.
In September the City regulator gave speculators 24 hours to shut down their positions or name themselves publicly and admit the size of the positions.
When Mr Arnold first looked into it, he says, what surprised him most was not so much the total size of the positions that the bank had taken as their high concentration.
Block trades will receive certain exemptions from new derivatives rules, including requirements that the positions are traded on open platforms and that the price and size of the positions are immediately reported to the public.
But the traders "continued to build the notional size of the positions through late March," according to the report, which was led by Michael J. Cavanagh, the bank's co-head of corporate and investment banking.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com