Barclays Eliminates 30% of U.S. Hedge-Fund Service Staff as Market Shrinks Nov 22, 2008
The capital market prime services unit is led by , who also leads Barclays foreign exchange desk. The unit executes and finances hedge funds trading. (Bloomberg -- UK)
Rogue trade scandal forces focus on bank culture Jan 25, 2008
No one at NAB thought it at all unhealthy that the traders kept their own thesaurus of exclusive words and phrases, referred to themselves as "the juggernaut" and were hysterically obsessed with being the greatest foreign exchange desk in the country. Nick Leeson claims his bosses were too embarrassed to ask him questions for fear of looking like they didn't understand what he was doing. (Sydney Morning Herald -- Business)
Fahour firms as next NAB chief Oct 5, 2007
Mr Stewart brought in Mr Ullmer and Mr Fahour to help rebuild NAB after a fraud on its foreign exchange desk cost the bank $360 million. The scandal tore apart the bank's board, forcing out the chairman and the chief executive. (The Age, Australia -- Business)
Ullmer out of the running for top global job at National Oct 4, 2007
Both Mr Ullmer and Mr Fahour were brought in by Mr Stewart to help rebuild NAB after a fraud on its foreign exchange desk cost the bank $360 million. The scandal that resulted tore apart the bank's board, forcing out the chairman and the chief executive. (Sydney Morning Herald -- Business)
