You'll love this article from The Daily Telegraph
- an inside look at the "dirty-tricks unit" of a London-based hedge fund. This story has all the good stuff - PIs, hacking, the obligatory sub-prime mortgage crisis connection, rogue traders, market manipulation - it's one stop shopping
Labels: Halifax Bank of Scotland, HBOS, hedge fund, private investigator, rogue trading, sub-prime mortgage
the fifth largest German bank
has been going through a bit of a dark period. German financial regulators have charged the bank with rogue trading and local paper have asserted that chairman Thomas R. Fischer and chief risk officer Matthijs van dan Adel altered notes of meetings to conceal the illegal acts which ended up losing the bank millions. Subsequently, due to their role in the cover-up, both Fischer and van dan Adel left / were dismissed from WestLB.Forbes has further details
on how things went down and where WestLB plans to go from here.
Labels: Matthijs van dan Adel, rogue trading, Thomas R. Fischer, West LB