Largest recorded losses due to activities of a “rogue” trader ranked in order of loss size:
1. Jerome Kerviel
Size of Loss: $7.1 billion
Employer: Societe Generale
Source of Loss: European index futures
Year: 2008
2. Brian Hunter
Size of Loss: $6.5 billion
Employer: Amaranth Advisors
Source of Loss: Gas futures
Year: 2006
3. John Meriwether
Size of Loss: $4.6 billion
Employer: Long Term Capital Management
Source of Loss: Interest rate and equity derivatives
Year: 1998
4. Yasuo Hamanaka
Size of Loss: $2.6 billion
Employer: Sumitomo Corporation
Source of Loss: Copper futures
Year: 1996
5. Wolfgang Flottl, Helmut Elsner
Size of Loss: $2.5 billion
Employer: BAWAG
Source of Loss: Currency and interest swaps
Year: 2006
6. Robert Citron
Size of Loss: $1.7 billion
Employer: Orange County, CA
Source of Loss: Interest rate derivatives
Year: 1994
7. Nick Leeson
Size of Loss: $1.4 billion
Employer: Barings Bank
Source of Loss: Nikkei futures
Year: 1995
8. Heinz Schimmelbusch
Size of Loss: $1.3 billion
Employer: Metallgesellschaft
Source of Loss: Oil futures
Year: 1993
9. Toshihide Iguchi
Size of Loss: $1.1 billion
Employer: Daiwa Bank
Source of Loss: Bonds
Year: 1995