Hunt for £100m rogue trader after attack on HBOS share price

[Sweetpea]

A hunt has been launched for a stock market trader who may have made £100 million in a "modern day bank robbery" after an attack on the share price of the country's biggest mortgage lender.

Double the money from ATM | Traders fear sell-off
George G Blakey | Damian Reece
The financial crisis coverage in full

Shares in Halifax Bank of Scotland fell by 17 per cent as traders attempted to make a fortune by betting on the bank's falling stock.
Malicious rumours circulated by speculators were blamed for the run, which saw more than £3 billion wiped off the bank's value.

Britain's financial watchdog launched a criminal investigation to hunt down "ruthless" rogue traders, including one speculator thought to have made £100m from buying and selling shares during the day.

A senior HBOS executive said: "This is the modern day version of bank robbery."

Hunt for £100m rogue trader after attack on HBOS share price - Telegraph


Be interesting to find out who did this.

Originally Posted by Sweetpea

Be interesting to find out who did this.

Yup. I want to buy him a pint.

[terrywit]

atm in the local rag

http://www.thisishullandeastriding.c...pNodeId=243835


http://www.thisishullandeastriding.c...pNodeId=243835

[Sweetpea]

Surely they will be able to track all the 'double paid' down.

So they would like you to think. But I read one article where it said that on a few aooacciponms where this has happened the bank write the money off, as it would cost more to take them all to court.

[Sweetpea]

So, this begs the question, if you knew it was going to pay double, how much would you take out?

Originally Posted by von Clausewitz

a few aooacciponms

A few WHAT????

What gets me is the spell checker did not notice it.

[Bruv]

Originally Posted by von Clausewitz

A few WHAT????

What gets me is the spell checker did not notice it.

I did ....but Im not allowed to mention it.

[Sweetpea]

[poppy]

nomi>