20 Sep 2019 The rogue trader was in charge of crude oil transactions with China at a Mitsubishi subsidiary called Petro-Diamond Singapore. According to the 20 Sep 2019 Rogue derivatives trader at Mitsubishi Corp's PDS subsidiary causes Trader accused of causing $320m loss to Mitsubishi's PDS business Offshore online trading platform 1pool, CEO Patrick Brunner settle CFTC charges. 21 Sep 2019 Mitsubishi takes $320m hit from rogue oil trader. Full fallout It is still investigating the total impact, including transaction fees and other factors. 26 Sep 2019 Mitsubishi to liquidate subsidiary affected by rogue derivatives trading. PDS will be liquidated once it has completed its contracted trade of crude
A rogue trader at Mitsubishi in Singapore has lost $320m through failed bets on the oil price in a case reminiscent of the scandal that brought down Barings Bank. Mitsubishi Corp. said a rogue oil trader at its Singapore unit lost $320 million in unauthorized transactions disguised as legitimate hedges for customers. The employee, a Chinese national working A rogue trader at Mitsubishi in Singapore lost $320m by placing failed bets on the oil price, the Financial Times reports. Mitsubishi is Japan’s largest trading house, it revealed that one of its employees was taking unauthorised derivatives positions since January and suffered significant losses when the oil price fell this Summer.
Rogue oil trader costs Mitsubishi $320M on bad crude bets September 20, 2019 Express Informer One of Japan’s most storied trading houses says it’s lost $320 million in a series of unauthorized transactions by a rogue trader. Mitsubishi said a rogue oil trader at its Singapore unit lost $320m in unauthorized transactions disguised as legitimate hedges for customers. The employee, a Chinese national working at Petro-Diamond Singapore Pte, has been fired and reported to police, Mitsubishi said in a statement, declining to Rogue Trader Hits Mitsubishi Unit for $320M The losses are being attributed to a series of unauthorized transactions. NEW YORK (AP) — One of Japan's most storied trading houses says it's lost $320 million in a series of unauthorized transactions by a rogue trader.
Oil (WTI) Latest Price. Trade Time. 05:00PM. Daily High. 33.87. Trade Date. 03/ 13/2020. Daily Low. 30.33. Open. 30.77. 52-week High. 66.60. Prev. Close. 30.99 . Lower rates giving Canadian housing 'nine lives': CIBC's Tal. Mario Kart, Nintendo Rogue oil trader causes US$320M loss at Mitsubishi unit. Financial trader A rogue trader in Singapore cost Japan's Mitsubishi at least $320 million when unauthorized bets on the oil market went wrong. A rogue trader in Singapore cost Japan's Mitsubishi at least $320 Rogue Trader's $320M Loss On Bad Oil Bets Leaves Mitsubishi Seeing Red The recent and much talked about $320 million rogue trade on bad oil bets at a subsidiary of Japan's biggest trading house by Rogue oil trader costs Mitsubishi $320M on bad crude bets One of Japan's most storied trading houses says it's lost $320 million in a series of unauthorized transactions by a rogue trader. Social
20 Sep 2019 In rates, European sovereign debt traded mixed while UST bond yields A rogue oil trader caused $320m loss at a unit of Mitsubishi Corp. in 20 Mar 2019 4 Notably,. Wells Fargo and Natixis were found not to have led any transactions for top coal mining companies since the Paris. Agreement, and