Print this article

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

A trader on the floor of the New York Stock Exchange.

Losses and gains are an everyday business in the stock markets, but sometimes the losses are simply staggering.

Here we take a look at some of the biggest trading losses of all time.

Source: Business Insider

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York.

Firm: Morgan Stanley

Location: US

Year: 2007

Amount lost: $9 billion

Source of the loss(es): Credit default swaps

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

Former trader Kerviel arrives at Paris court for the start of his trial to face charges of breach of trust, computer abuse and forgery.

Firm: Societe Generale

Location: France

Year: 2008

Amount lost: $7.2 billion

The source of the loss(es): Equity derivatives

Person(s) associated with loss: Jerome Kerviel

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

A trader reacts on the floor of the New York Stock Exchange.

Firm: Amaranth Advisors

Location: US

Year: 2006

Nominal amount lost: $6.6 billion

The source of the loss(es): Natural gas futures

Person(s) associated with loss: Brian Hunter

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

Traders work at their desks in front of the DAX board at the end of the session at Frankfurt stock exchange.

Firm: Long-Term Capital Management

Location: Greenwich, Connecticut, US.

Year: 1998

Amount lost: $4.6 billion

Source of the loss(es): Interest rate and equity derivatives

Person(s) associated with loss: John Meriwether

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

A bank clerk counts US dollar banknotes on bundles of 100 Chinese yuan banknotes at a branch of a bank in Huaibei, China.

Firm: Sumitomo Corporation

Year: 1996

Amount lost: $2.6 billion

The source of the loss(es): Copper futures

Person(s) associated with loss: Yasuo Hamanaka

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

A woman counts her US dollar bills at a money changer in Jakarta, Indonesia.

Firm: Aracruz

Year: 2008

Location: Brazil

Amount lost: $2.5 billion

The source of the loss(es): Forex options

Person(s) associated with loss: Isac Zagury

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

Former UBS trader Kweku Adoboli in south London.

Firm: UBS

Year: 2011

Location: United Kingdom

Amount lost: $2.3 billion

The source of the loss(es): ETFs/ Delta One

Person(s) associated with loss: Kweku Adoboli

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

People walk next to JPMorgan Chase and Company headquarters in New York.

Firm: JPMorgan

Location: United Kingdom

Year: 2012

Amount lost: $2 billion

The source of the loss(es): Credit default swaps

Person(s) associated with loss: Bruno Iksil

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

Flag flies at exterior of New York Stock Exchange.

Victim: Orange County, California, US

Year: 1994

Location: Orange County, California, US

Amount lost: $1.7 billion

The source of the loss(es): Leveraged bond investments

Person(s) associated with loss: Robert Citron

Click NEXT to read more...

Worst trading losses in the world

Last updated on: June 28, 2012 12:58 IST

A car drives past a BP petrol station in Moscow.

Firm: Metallgesellschaft

Year: 1993

Location: Germany

Amount lost: $1.3 billion

Source of the loss(es): Oil futures

Person(s) associated with loss: Heinz Schimmelbusch