Sep

22

Babes In Arms, from George Zachar

September 22, 2007 |

Sept. 21 (Bloomberg) — Calyon's global head of credit markets left the investment bank after it said an unauthorized proprietary trade cost the firm 250 million euros ($347 million). Loic Fery, 33, who oversaw credit markets from London, left the bank this week…

Call me old fashioned, but I would have expected the "global head of credit markets" at a major bank to have seen at least one credit cycle before attaining command of the balance sheet.


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