Jérôme Kerviel, a 31-year-old Paris-based trader working on the bank’s European equities derivatives desk, was already being portrayed by the governor of the Banque de France on Thursday as a “genius of fraud”.
The FT reports that Kerviel risked billions of euros on equity derivatives – in effect betting on future movements in European stock markets [...]
Entries from January 2008
Soc Gen more details emerge…
January 25th, 2008 · No Comments
Tags: Ramblings
Leeson squared?
January 24th, 2008 · No Comments
Société Générale has reveled that a rouge trader has managed to commit a “serious fraud” which has caused the bank to loose $7,300,000,000. The losses have come from the purchase of positions in “vanilla” futures on European Stock market indices, (well beyond the limits this person had been given to operate within).
How?
It would appear [...]
Tags: Ramblings
Heathrow Arrivals
January 22nd, 2008 · No Comments
I would like to recognise the bravery of the Senior First Officer John Coward of the BA flight that landed safely last week on the journey back from Beijing, but I thought that this flight information board was interesting….
(Hatton Cross is a little way short of the runways at Heathrow Airport)
Tags: Ramblings
Badly targeted web advertising techniques
January 14th, 2008 · No Comments
You would have imagined that targeted consumer advertising would be playing a much bigger role in generating revenue in 2008 than some continuing to use some of the more irritating methods still deployed by large companies desperate to get their message across.
Despite a number of surveys that have shown exactly what web users think of pop-ups [...]
Tags: Internet Marketing
Abundant Prosperity
January 9th, 2008 · No Comments
I get a real kick out of reading Randy Gage, he is an amusing man with a message. His newsletter is always in-your-face and challenging you to look at where you are and what you are doing and his latest one is no different.
He kicks off the latest newsletter with a statement:
The cliché that money [...]
Tags: Ramblings
Carbondioxide emmissions linked to increased mortality
January 9th, 2008 · No Comments
A Stanford scientist has spelled out for the first time the direct links between increased levels of carbon dioxide in the atmosphere and increases in human mortality, using a state-of-the-art computer model of the atmosphere that incorporates scores of physical and chemical environmental processes.
While it has long been known that carbon dioxide emissions contribute to [...]
Tags: Ramblings
How to marshall military jets
January 9th, 2008 · No Comments
Tags: Ramblings
Error Codes
January 7th, 2008 · No Comments
Error Codes — See appropriate web server error codes below.
0 Error (Server Error) — No connection to the server available or the server was unavailable.
300 Error (Multiple Choices) — The requested resource corresponds to multiple representations, each with its own specific location, and the negotiation information is being provided so that the user can select [...]
Tags: Website Optimisation
What is the first thing to do this year
January 3rd, 2008 · No Comments
According to Seth Goldin it is “Google yourself”.
Seth makes a very good point
If you’re a salesperson, your prospects already do.If you’re looking for a job, your prospective employers already do.If you’ve got a job, your co-workers already do.
What do they see? Do you know?
He points out that “If you don’t like it, you can [...]
Tags: Internet Marketing
Google Checkout - the numbers are in
January 3rd, 2008 · No Comments
18 months after the launch of Google Checkout, we are now provided with some analysis on the effectiveness of the system.
Google says web shoppers who’ve signed up for Checkout are 10 percent more likely to click on an ad that features a Checkout button and 40 percent more likely to make an online purchase once they reach [...]
Tags: Internet Marketing
