Word: traders
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...among the most sordid legacies of world history, plantation slavery subjugated everyone, white and Black, within a racially divided and potentially explosive social prison. Whereas contemporary prison labor specifically punishes the guilty for the crimes which they committed, slavery indiscriminately shackled the innocent for having fallen into the slave-trader's custody...
Nick Leeson,the 28-year-old trader at the center of the collapse of Britain's oldest investment bank, is begging to be tried in London rather than be "thrown to the wolves" at a "show trial" in Singapore, where he allegedly made hundreds of millions in bad trades that bankrupted Baring Bros. Unfortunately for him, the Serious Fraud Office in London said it had no evidence that would justify Leeson's extradition to the United Kingdom. Leeson's wife read his plea, written in the German jail where he now awaits a decision, at a news conference today. Singapore...
...firm, you get to keep a huge chunk of the profits yourself, but if you lose money for the firm, the firm covers the losses. For instance, Salomon Brothers lost $399 million last year, the banking version of finishing in the cellar, yet not a single banker or trader offered to help Salomon by reaching into his or her own pocket, which had been stuffed with bonuses in the past...
...owners. ING Group, a Dutch company, determined that the Barings employees were either directly or indirectly responsible for overseeing the derivatives debacle that broke the British bank in February. Meanwhile, German authorities received more than 1,000 pages of documents from Singapore, which is requesting former Barings trader Nicholas Leeson's extradition to face charges of forgery...
...estimated $500 billion to cover those losses. And if Leeson suffers the same fate as our homegrown speculators, he will end up in a nice, cushy job, living the good life. Frank Jerome Columbus, Indiana BARINGS' COLLAPSE CANNOT BE BLAMED solely on derivatives. A system that permits a trader any access, however limited, to the back-office process (settlement, accounting, mark to market) is a blueprint for disaster. No maxim is more fundamental for a financial institution. Mark Martinelli Mahwah, New Jersey WHAT A VIVID LESSON YOUR ARTICLE teaches the world's newly freed people who are struggling to embrace...