Apr.16 — Lorenzo Bini Smaghi, chairman at Societe Generale, discusses his firm’s planned job cuts, and the prospect cross-border bank consolidation in Europe. He speaks on “Bloomberg Daybreak: Americas.”

Promo Code: RED (55% Discount on Model Portfolios)

Complete Fundamental Stock Analysis Tool – Stock-o-meter:
https://investyadnya.in/stock-o-meter

Research Based Ready-made Model Portfolios:
https://investyadnya.in/model-portfolios

Comprehensive Mutual Fund Reviews:
https://MFYadnya.in

Yadnya Books and eBooks now available:
On Amazon – https://amzn.to/2XKtlks
On our website – https://investyadnya.in/books

Find us on Social Media and stay connected:
Blog – https://blog.investyadnya.in
Telegram – http://t.me/InvestYadnya
Facebook Page – https://www.facebook.com/InvestYadnya
Facebook Group – https://goo.gl/y57Qcr
Twitter – https://www.twitter.com/InvestYadnya
LinkedIn – https://www.linkedin.com/company/investyadnya/

#InvestYadnya #YIA #Centralbankofindia #CBI

The Craziest Rogue Traders in History. Top Ten True Crime Stories. A rogue trader is a term for a financial trader authorized to make trades on behalf of their employer who makes unauthorized trades.

The key factor is the lack of authorization. There have been colossal financial losses and bankruptcies stemming from bad decisions made by senior decision-makers in financial institutions, such as the bankruptcy of Lehman Brothers, but this is not usually described as rogue trading and is not usually criminally punishable.

The 1999 film Rogue Trader about derivatives broker Nick Leeson and his role in the 1995 collapse of Barings Bank brought the term into the mainstream. There is a long history of these incidents in the world of trading and finance, with many really colorful characters and crazy stories. I have tried to narrow it down to a list that includes both the biggest losses but also the craziest stories.

There are some really crazy stories on this list, but if there is one that you think I should have included but didn’t, let me know in the comments section below.

Patrick’s Books:
Statistics for Traders: https://amzn.to/3eerLA0
Financial Derivatives: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance

Timestamps
0:00 Introduction
1:10 Nick Leeson – Barings Bank
4:24 Brian Hunter – Amaranth Advisors
7:24 Robert Citron – Orange County
13:19 Joseph Jett – Kidder Peabody
16:47 Jerome Kerviel – Societe Generale
21:51 Kweku Adoboli – UBS
23:33 Peter Young / Elizabeth Young – Morgan Grenfell
25:09 Bruno Iksil – The London Whale (not a real whale) JP Morgan
27:10 Stephen Perkins – PVM Oil Futures
29:54 Liu Qibing – China State Reserve Bureau
31:50 Conclusion

Top 10 Craziest Ponzi Schemes: https://www.youtube.com/watch?v=f8CndEr8Onk &t=142s

Market Risk Management (Analyst) :

MRMA has overall responsibility for independently measuring, monitoring, analyzing, and reporting market risks associated with Goldman Sachs’ Broker-Dealer and Investment Management (“IMD”) Divisions. For hedge funds, MRA calculates Value at Risk; volatility; marginal contribution to risk by asset class; and “severe loss” scenarios. The risk models used are the same as those used for managing the risk of the Firm’s broker dealer trading businesses. For mutual funds, MRA calculates a number of stress tests and analyzes active weights in a portfolio compared to those in the relevant benchmark. Particular focus is given to concentrations and liquidity in relation to the market. MRA is also responsible for regulatory market risk reporting for mutual funds, depending on their domicile.

Responsibilities:
• Daily/weekly monitoring of the risks associated with both hedge funds and mutual funds, across equity and fixed income strategies.
• Develop, implement, and enhance stress tests, scenario analyses, and risk decompositions.
• Build and maintain relationships with businesses, providing regular updates on changes in risk metrics and stress tests to senior IMD Management.

Basic Qualifications
• Bachelors Degree in a relevant discipline
• Minimum one year of experience

Preferred Qualifications
• Strong written and verbal communication skills — able to work with a wide range of constituents (i.e. from Portfolio Managers to Controllers to Technology)
• Proven record of strong internal performance
• Detail Oriented with a strong control mentality
• Acute and pro-active interest of what is happening in financial markets on a day-to-day basis
• Highly motivated and assertive with a “can-do” attitude

We want to build the next generation models that would make the world economy better off.