Email a Friend

All fields are compulsory

Your name:
Your email:

To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Email yourself a copy?
Comments:

Add Your Comment

All fields are compulsory
All comments are subject to editorial review as we are subject to the same regulations adhered to in publishing our own content. For this reason, your comment may not be live immediately, or may not be published.

Your name:
Your email:
(will not appear)

You may email your comment to a friend
To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Publish your name?
Email yourself a copy?

Comments:

I have read and agree to the Terms and Conditions

FX round up: Dealer costs JPM Chase $6 million

by Lee Oliver

A former FX salesman at JPMorgan Chase in New York has been arrested and charged with wire fraud. Terrence Gumbs apparently hid an unauthorized trade, which cost the bank about $6 million in losses, according to a criminal complaint unsealed in New York.

According to court documents, prosecutors have alleged that Gumbs sold €385 million on behalf of a client. Unfortunately, he did so without the client’s permission. His action was apparently an attempt to recoup earlier losses he had racked up in unauthorized trading. If convicted, Gumbs faces up to 20 years’ imprisonment.

Country risk survey monitoring political and economic stability of countries around the globe

Private Banking and Wealth Management Survey 2012

Email a Friend