Asian dealers hit by Korean equity losses

News

Several dealers in Asia suffered equity derivatives-related losses in Korea in the third quarter, with losses at Credit Suisse estimated at $150 to $200 million, say Asia Risk sources.

Credit Suisse's losses, equivalent to around 20% of the bank's equity trading revenues in the third quarter, reportedly led to the departure in September of the firm's global co-head of equities, Jim Kreitman, and its global head of equity derivatives sales and trading, Chris Carter. The losses are believed to

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: