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Top Ten trading Losses in History of Financial Market

By | February 1, 2013

Interesting Article complied from en.wikipedia.org/wiki/List_of_trading_losses #10 Under the leadership of CEO Heinz Schimmelbusch, German metals and engineering giant Metallgellschaft was on the brink of bankruptcy after losing $1.3 billion on speculative bets.  The firm bet on an increase in oil prices in oil futures markets, but oil prices dropped instead. Full Article #9 Robert Citron lost $1.7 billion for Orange… Read More »