Word: analysts
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...about 100,000 euros (about $147,000). In his new job, he began trading far beyond his responsibilities, racking up debts as global markets gyrated. To cover his losses, he created complex fictitious trades, until the losses appeared to spiral out of control. Said Kinner Lakhani, a London-based analyst for the Dutch bank ABN Amro, who covers Société Générale: "It was out of the realms of anyone's expectation...
...said the trader was able to use his extensive knowledge of the bank's controls from his previous job at the bank in order to bypass the control system and create his own rogue operation. That revealed a crucial hole in the bank's security, says Mark Thomas, an analyst with Keefe, Bruyette & Woods in London. "The single most important factor [in security] is that the risk-control function is independent of traders," Thomas told TIME on Thursday. "You would typically put extra supervision on that person for a couple of years." Said ABN Amro's Lakhani: "This was management...
...performance of its carriers so they can compete in international markets, nor have plans for industry consolidation been made public. Opinions are divided as to whether shrinking the number of carriers - in effect, creating a more monopolistic market - will relieve the industry's growing pains. Adrian Lowe, airline analyst at stockbroker CLSA in Hong Kong, says consolidation will improve service and allow airlines to be smarter about how they route their flights, leading to fewer delays. "It can only improve things for the customer," he says...
...China and China Eastern. Air China has little expertise to lend its potential new partner when compared with Singapore Airlines, which is known for top-flight service. "Bring in Singapore, and you can be confident service levels will go up," says Pinkham, the Centre for Asia Pacific Aviation analyst. "With Air China, the improvement is a lot less certain...
...telling only part of the story, selecting the facts that suited his thesis about deeply-ingrained anti-semitism while forgetting to take into account the post-war collapse of state institutions and social control. "Gross is too much of a judge in his book but too little of an analyst," said Tych. "But after his book, it is no longer possible to escape from the question why there were killings of Jews after the war, and that is is his undeniable achievement...