Subscribe to this blog's feedThe latest issue of Risk went live today and it's heavy on crime, malpractice, misselling, and other forms of wrongdoing.
Nick Sawyer interviews Jean-Pierre Mustier, SGCIB's chief executive, now responsible for clearing up the mess left by rogue trader Jerome Kerviel.
In our cover story, Mark Pengelly looks at the lawsuit between HSH Nordbank and UBS over the North Street CDO.
And we take a closer look at the story of the MF Global rogue trader Evan Dooley.
Editorial comment:
Read the rest here.
Zip back to the middle of 2006. Credit spreads were tightening, equity markets were buoyant and there was ample liquidity sloshing around. House prices were continuing their meteoric rise, encouraging banks to increase loan-to-value ratios and, in some cases, loosen lending criteria.Even then, there were plenty of warnings from regulators that this couldn't continue...
