41. Like other Wall Street firms, Goldman, Sachs incurred large trading losses earlier this year when interest rates began to rise, sending bond prices plunging. 42. Many investors had to reduce their risk-taking because trading losses had hurt their balance sheets. 43. Many of the hidden losses came from a questionable scheme to reimburse big clients for trading losses. 44. Metals fell sharply after unauthorized copper transactions last summer by a Sumitomo Corp. trader led to the biggest trading loss ever. 45. Monetary authorities moved quickly to try to dispel any notion that the trading loss would critically wound Daiwa or harm the overall financial system. 46. Most of the rest of the figure was due to trading losses in Brazil and Argentina, according to the bank. 47. Metallgesellschaft named a new chief executive of its American subsidiary, which had huge trading losses last year. 48. Net profits are profits after taxes and extraordinary charges, like the trading loss, have been subtracted. 49. Nomura admitted compensating big clients a quarter of a billion dollars for trading losses against the rules of the Ministry of Finance. 50. Nomura is suspected of having violating Japanese securities laws by providing Koike with preferential treatment and compensation for trading losses. |