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

Diktaturen leben anfangs davon, dass man ihre Hieroglyphen nicht erkennt.

— Ernst Jünger

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

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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