The Biggest Trading Disasters Of All Time - League Table

last updated: 26 January 2008

Here's a league table of the biggest bank trading disasters of all time. Let us know if we have left anyone out!

1. Societe Generale - $7.1bn (European index futures) 2008

2. Amaranth Advisors - $6.5bn (Gas futures) 2006

3. Long Term Capital Management - $4.6bn (Interest rate and equity derivatives) 1998

4. Sumitomo Corporation - $2.6bn (Copper futures) 1996

5. Bawag - $2.5bn (Currency and interest rate swaps) 2006

=6. Metallgesellscahft - $1.6bn (Oil futures) 1993

=6. Sowood Capital Management - $1.6bn (Debt securities)

8. Barings - $1.4bn (Nikkei futures) 1995

9. Credit Suisse - $1.3bn (Emerging markets) 1998

10. Daiwa Bank - $1.1bn (bonds) 1995

=11. Bank of Montreal - $800m (Natural gas options) 2007

=11. WestLB - $800m (Equities) 2007

=13. Allied Irish Bank - $700m (Currencies) 2002

=13. Morgan Grenfell - $700m (Equities) 1997

15. UBS - $500m (Derivatives) 1998

=16. Kidder Peabody - $ 400m (US T-Bills) 1994

=16. Dexia - $400m (Bonds) 2001

=16. CIC - $400m (Equity derivatives) 2005

19. Merrill Lynch - $377m (Mortgages)

20. Calyon - $350m (Credit indices) 2007

21. National Australia Bank - $300m (Currencies) 2004

=22. Salomon Brothers -$250m (Mortgages) 1986

=22. NatWest Markets - $250m (Options) 1997

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