You lost how much? 10 biggest trading losses ever

LOSSES

clock

As J.P.Morgan shares plunge following one of its largest ever trading losses, we list ten of the greatest losses ever suffered in the financial sector.

1. Morgan Stanley loses $9bn on credit default swaps The bank heavily on sub-prime mortgages in a trade which unwound as the US housing market went into a severe downturn, fuelled by excessive lending to people who could not afford the loans in the first place. 2. Société Générale loses $7.22bn thanks to rogue trader Jerome Kerviel In an event now seen as little more than a footnote to the global financial chaos of 2008, Jerome Kerviel - a trader at SocGen - nonetheless gave his bosses a big headache after he built up a €50bn euro trading position. While Kerviel himself ended up...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA Working Lunch: Orbis on risk and return from the bottom up

PA Working Lunch: Orbis on risk and return from the bottom up

Join PA and Orbis on Wednesday for an informative online session

Professional Adviser
clock 20 January 2025 • 1 min read
Quilter's WealthSelect rebalances in response to bond market

Quilter's WealthSelect rebalances in response to bond market

Following recent government bond market performance

Isabel Baxter
clock 17 January 2025 • 1 min read
PA Awards 2025: Multi-asset shortlists revealed

PA Awards 2025: Multi-asset shortlists revealed

The industry’s best in balanced, high yield, adventurous and cautious funds

Professional Adviser
clock 15 January 2025 • 2 min read