Trader gambles Pounds 6m after returning from liquid lunch [Scot Region Edition 2]
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Summary
A TIPSY trader who returned to his desk from a boozy lunch to gamble Pounds 6m of his firm's cash has been banned from working in the City for two years.
David Redmond, a commodity trader with banking giant Morgan Stanley, made a series of bets on the future cost of shipping goods around the world, building up a substantial position which he tried to conceal from his bosses over night.See the full content of this document
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Trader gambles Pounds 6m after returning from liquid lunch [Scot Region Edition 2]
His actions unwittingly placed the bank at risk of losing the Pounds 6m - a breach of its rules.
He ...See the full content of this document
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