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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: trading firm

trading firm stories: 2 news summaries
OPINION

 Meet Wall 
 Street's Most 
 Shameless 
 Failures 

'Mulligan Club' keeps hustling disastrous securities

Sep 2, 09 10:00 AM CDT
(Newser) - You'd think the men who hyped and traded the financial instruments responsible for the recession wouldn't be allowed to touch another dollar. Instead, they’re “charter members of Wall Street's Mulligan Club,” Steven Pearlstein writes in the Washington Post, buying and trading the same "crappy securities" like... More »

MORE ABOUT:
Wall Street • recession • securities • financial institutions • trading firm • RBS

Japanese Swindle Could
Cost Lehman $250M

Forged docs from Japanese firm secured big loans

Mar 29, 08 8:44 AM CDT
(Newser) - Possible fraud involving forged documents from a Japanese trading firm may have cost Lehman Brothers $250 million, the Wall Street Journal reports. The investment bank loaned funds to a Japanese biotech firm last year; the transaction was secured by top trading company Marubeni Corp. But the biotech firm filed for... More »

MORE ABOUT:
fraud • Japan • Lehman Brothers • forgeries • investment banks • Marubeni • trading firm

2 Stories


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