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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: risky trading

risky trading stories: 8 news summaries

 Fed Plans 
 to Oversee 
 Bankers' Pay 

Sweeping new rules will let central bank reject risky compensation plans

Sep 18, 09 5:48 AM CDT
(Newser) - A wide-ranging plan by the Federal Reserve to limit executive pay would allow government regulators to probe private financial institution's pay practices—and let the Fed block any policy it thinks may encourage undue risk. The plan is still being formulated and won't be finished for weeks, but it requires... More »

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Wall Street • executive compensation • Federal Reserve • bonuses • compensation • risky trading • clawback • executive bonuses

INTERVIEW

Greenspan: 'Crisis Will Happen Again'

Former Fed chairman denies responsibility, blames human nature

Sep 9, 09 5:26 AM CDT
(Newser) - Another financial crisis is inevitable "unless somebody can find a way to change human nature," says Alan Greenspan in an interview with the BBC. The former Fed chairman—who has faced stinging criticism for his own role in precipitating the 2008-09 global recession—denied any responsibility for the... More »

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Federal Reserve • Alan Greenspan • risky trading • bank regulation • financial crisis

(Newser) - The big banks should rein in the "eye-popping" salaries they pay top execs and shift to a more principles-based rewards system, FDIC chief Sheila Bair tells Bloomberg. Bair, along with House Democrats and New York's attorney general, says if the banks don't change their ways, regulators should set... More »

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executive compensation • Andrew Cuomo • bonuses • FDIC • risky trading • Sheila Bair

OPINION

Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

Jul 15, 09 7:41 AM CDT
(Newser) - Goldman Sachs is back in the black, with trading and stock underwriting revenues at an all-time high—and that should scare you, former Clinton cabinet member Robert Reich writes in Salon. While Goldman's earnings may signal that the current crisis is abating, the bank hasn't modified high-risk strategies that forced... More »

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Wall Street • Goldman Sachs • Robert Reich • FDIC • bailout • risky trading • investment banks • banks • financial crisis • TARP

 Volatile Market
 Hooked on
 Testosterone 

Study pinpoints role of bullish hormone in boorish traders

Apr 15, 08 4:25 AM CDT
(Newser) - The buying and selling of the world's wealth is at the mercy of aggressive men and their hormonal fluctuations, neuroscientists have discovered. While that doesn't come as a big surprise, the study isolates the major role that testosterone plays in making boorish traders exceptionally bullish—and the part the hormone... More »

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stock market • Wall Street • men • testosterone • hormones • bear market • bull market • masculinity • risky trading • medical study • hormone therapy

 Study Links Sex and Gambling 

Financial risk-taking lights up brain's pleasure center

Apr 5, 08 7:46 AM CDT
(Newser) - Taking risks with money lights up the same parts of the brain as sexual arousal, a "neuroeconomics" study has found. Men shown sexy pictures gambled more daringly than those shown scary pictures—spiders and snakes—or neutral pictures, reports the AP. The study of 15 heterosexual Stanford students focused... More »

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evolution • gambling • brain • neurology • risky trading • scientific research

Second SocGen Broker Held in Kerviel Probe

Could derail rogue trader's chances of getting released

Mar 12, 08 10:23 AM CDT
(Newser) - Authorities have taken a second Societe Generale employee into custody and conducted a search of La Defense headquarters, as the probe into unauthorized securities trading that cost the French bank $7.6 billion expands, reports Bloomberg. Police are holding a broker from a bank subsidiary, said a SocGen spokeswoman. Another... More »

MORE ABOUT:
rogue trader • SocGen • risky trading • securities fraud • Societe Generale • Jerome Kerviel

SocGen: Lax Controls Led
to $7.2B Fraud

French bank says 24 internal alarms were ignored over 14 months

Feb 21, 08 7:50 AM CST
(Newser) - Rogue SocGen trader Jerome Kerviel, whose unauthorized deals led to a $7.2 billion loss for the French bank, continued his trading for more than a year after the first warning flag was raised in the department that was supposed to detect risky trading, reports the Wall Street Journal.... More »

MORE ABOUT:
France • derivatives market • bank fraud • Jérôme Kerviel • Société Générale • rogue trader • risky trading

8 Stories


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