Morgan Stanley trader mis-marking for months

Morgan Stanley may have let a $120 million mis-mark on its credit derivatives book go unnoticed for six months before a routine audit discovered it in May, the bank admitted in June. Chief financial officer Colm Kelleher told a conference call on June 20: "We're very angry about it - but in an environment of stressed markets, one would expect to see people trying to behave improperly."

The bank has suspended a London-based credit trader pending an internal investigation. The UK Financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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 individual account here