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Synopsis: A compelling, topical e-book on the motives and patterns of rogue traders, and the investment banking system that hosts them, by John Gapper of the Financial Times.
Nick Leeson at Barings. Jerome Kerviel at Societe Generale. John Rusnak at Allied Irish Banks. And now the thirty-one-year-old Kweku Adoboli, a director on a derivatives desk who allegedly ran up $2.3 billion in losses at UBS. These are the rogue traders who have bought banks to their knees and global financial systems to a halt. Each time, the banks declare themselves to be innocent victims of a fraud. But why do traders keep o