What’s it like to lose £350m? A rogue trader confesses

‚Der Fehler des Kapitalismus besteht in der Ungleichverteilung des Wohlstands, der Fehler des Sozialismus besteht in der Gleichverteilung des Elends.‘

— Winston Churchill

What’s it like to lose £350m? A rogue trader confesses

Dienstag - 09.05.2017

By investing in precarious deals and covering up his losses, Alexis Stenfors cost one of the world’s biggest banks a fortune. Andrew Anthony asks why doesn’t he feel more remorse

Andrew Anthony Sunday 7 May 2017

In 2009, shortly after the global markets had suffered their worst crisis for 90 years, Alexis Stenfors was working as a currency trader for Merrill Lynch in London. With 15 years’ experience, he was good at his job and he prided himself on his ability to read the markets. His view was that the whole financial system was going to go “belly up”. That was what he was betting on.

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https://www.theguardian.com/business/2017/may/07/whats-it-like-to-lose-350m-pounds-rogue-trader-barometer-of-fear?cmpid=BBD050817_MKT&utm_medium=email&utm_source=newsletter&utm_term=170508&utm_campaign=markets

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