How To Be a Rogue Trader

A Penguin Special from Portfolio

Business & Finance, Finance & Investing, Banks & Banking, Business Reference, Corporate History, Biography & Memoir
Cover of the book How To Be a Rogue Trader by John Gapper, Penguin Publishing Group
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: John Gapper ISBN: 9781101570920
Publisher: Penguin Publishing Group Publication: December 1, 2011
Imprint: Portfolio Language: English
Author: John Gapper
ISBN: 9781101570920
Publisher: Penguin Publishing Group
Publication: December 1, 2011
Imprint: Portfolio
Language: English

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 on committing apparently senseless crimes, with little benefit apart from higher bonuses and an enormous risk of ending up in prison? And why do banks, which should have learned the tricks of the traders, keep being deceived?
 
In this short e-book, the Financial Times associate editor John Gapper unlocks the mystery by delving into the evolutionary risk-taking instincts of both humans and animals—from yellow-eyed junco sparrows in Arizona to honeybees. He reveals how banks encourage their traders to evade risk limits and shows how the rogue traders merely mimic the strategies used by their firms to seem more profitable than they really are.
 
A rogue trader is often an outsider who starts in a lowly role and secretly gambles with a bank's money in a bid to become a star. Gapper traces patterns of behaviour and personality that could be used to catch them before disaster strikes. But do the banks really want to? And are the rogue traders just the symptoms of a financial system gone rogue?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 on committing apparently senseless crimes, with little benefit apart from higher bonuses and an enormous risk of ending up in prison? And why do banks, which should have learned the tricks of the traders, keep being deceived?
 
In this short e-book, the Financial Times associate editor John Gapper unlocks the mystery by delving into the evolutionary risk-taking instincts of both humans and animals—from yellow-eyed junco sparrows in Arizona to honeybees. He reveals how banks encourage their traders to evade risk limits and shows how the rogue traders merely mimic the strategies used by their firms to seem more profitable than they really are.
 
A rogue trader is often an outsider who starts in a lowly role and secretly gambles with a bank's money in a bid to become a star. Gapper traces patterns of behaviour and personality that could be used to catch them before disaster strikes. But do the banks really want to? And are the rogue traders just the symptoms of a financial system gone rogue?

More books from Penguin Publishing Group

Cover of the book To Air is Human by John Gapper
Cover of the book Bright Lights, Big Ass by John Gapper
Cover of the book Never Saw It Coming by John Gapper
Cover of the book A Writer's Guide to Fiction by John Gapper
Cover of the book Angels' Pawn by John Gapper
Cover of the book Hunter's Salvation by John Gapper
Cover of the book Wolf Pack by John Gapper
Cover of the book The Luster of Lost Things by John Gapper
Cover of the book Trailsman #278, The: Mountain Manhunt by John Gapper
Cover of the book Hearse and Buggy by John Gapper
Cover of the book Thread and Buried by John Gapper
Cover of the book Bound For Murder by John Gapper
Cover of the book Blue-Eyed Boy by John Gapper
Cover of the book Bacardi and the Long Fight for Cuba by John Gapper
Cover of the book The Victim by John Gapper
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy