The following contains a list of trading losses of the equivalent of USD100 million or higher. Trading losses are the amount of principal losses in an account. Because of the secretive nature of many

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

s and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest. This list includes both fraudulent and non-fraudulent losses, but excludes those associated with

Bernie Madoff Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American fraudster and financier who was the admitted mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDA ...

Ponzi scheme A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are comin ...

(estimated in the $50 billion range) as Madoff did not lose most of this money in trading. , , CBOE Volatility Index futures and options , , 2020 , Jim Carney , - , USD 0.225 bn, , 1, , USD 0.225 bn, , 43.5%, , USD 0.30 bn, , , ,

FXCM FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) ...

, , Foreign exchange , , 2015 , , - , USD 0.207 bn, , 1, , USD 0.207 bn, , 43.5%, , USD 0.30 bn, , , ,

Codelco Codelco (''Corporación Nacional'' ''del'' ''Cobre de Chile'' or, in English, the National Copper Corporation of Chile) is a Chilean state-owned copper mining company. It was formed in 1976 from foreign-owned copper companies that were nationali ...

, , Copper, silver, gold futures , , 1993 , , - , EUR 0.160 , 1.1 , USD 0.176 bn , 0% , USD 0.176bn , , BNP Paribas Arbitrage , Structured products , 2016 , , Armin S. , - , JPY 11.5 bn , , , , , , , , USD 0.28 bn, , /, ,

Fuji Bank The was one of Japan's major banks during the post–World War II era. It combined with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group, and changed its name to Mizuho Corporate Bank in 2002 after t ...

New York Branch

Nikkei Inc. Nikkei, Inc. is a Japanese media company which owns ''The Nikkei'' and the ''Financial Times''. Its first publication was in 1876 with the publication of ''The Chugai Bukka Shimpo (Domestic and Foreign Prices News)''. In 1946, the company name wa ...

(1997) 銅マフィアの影ドキュメント・住商事件 (A Trap of the Cooper-Fingers: Sumitomo Corp. Scandal); 世界の主な金融・商品取引の失敗例(金額順) , , Foreign exchange trading , , 1984 , , , - , , , , , , , , , USD 0.28 bn, , , , Allied-Lyons, , FX derivatives , , 1991 , , , - , USD 0.28 bn, , 1 , , USD 0.28 bn , , , , , , , , Raytheon Technologies Corporation Pension Administration and Investment Committee, , volatility-trading fund, , 2020 , , - , JPY 9.7 bn , , , , , , , , USD 0.24 bn, , /, ,

Dai-Ichi Kangyo Bank , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. Dai-Ichi Kangyo Bank was created in 1971 by a consortium of two banks: Dai-Ichi Bank, Japan's oldest bank, and Nippon Kangyo Bank, a state fin ...

Singapore Branch , , Foreign exchange trading , , 1982 , , Haruo Kanda , - , JPY 22.9 bn, , , , , , , , USD 0.23 bn, , , , Nanzan Gakuen, , Equity derivatives , , 2008 , , - , USD 0.16 bn, , 1, , USD 0.16 bn, , 39.9%, , USD 0.22 bn, , , ,

Procter & Gamble The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer hea ...

, , Interest rate derivatives , , 1994 , , - , USD 0.04 bn, , 1, , USD 0.04 bn, , 433.8%, , USD 0.214 bn, , , , United California Bank of Basel, , Cocoa futures, , 1970, , , - , USD 0.2 bn, , 1, , USD 0.20 bn, , 6.2%, , USD 0.21 bn, , , ,

State Reserves Bureau Copper Scandal The State Reserves Bureau copper scandal refers to a loss of approximately US$150 million as a result of trading LME Copper futures contracts at the London Metal Exchange (LME) by rogue trader Liu Qibing, who was the chief trader for the Import an ...

, , Copper Futures , , 2005 , , - , HKD 1.38 bn, , , , , , , , USD 0.17 bn, , , , Chinese Estates, , Evergrande, , 2021 , , - , GBP 0.09 bn, , 0.611, , USD 0.15 bn, , 29.2%, , USD 0.19 bn, , , ,

NatWest National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it ...

, , Interest Rate Options , , 1997 , , - , USD 0.039 bn, , 1, , USD 0.039 bn, , 320.4%, , USD 0.164 bn, , , ,

Franklin National Bank Franklin National Bank, based in Franklin Square on Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of t ...

, , Foreign Exchange Trading, , 1974, , Peter Shaddick , - , USD 0.11 bn, , 1, , USD 0.11 bn, , 39.9%, , USD 0.15 bn, , , ,

Cuyahoga County Cuyahoga County ( or ) is a large urban County (United States), county located in the Northeast Ohio, northeastern part of the U.S. state of Ohio. It is situated on the southern shore of Lake Erie, across the Canada–United States border, U.S.- ...

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

, , Leveraged Fixed Income , , 1994 , , - , JPY 15.4 bn, , , , , , , , USD 0.15 bn, , , , Komazawa Gakuen, , Currency Derivatives , , 2008 , , - , SEK 1.23 bn, , 7.804, , USD 0.15 bn, , −4.8%, , USD 0.143 bn, , , ,

HQ Bank HQ Bank was a Swedish finance and banking corporation founded by Sven Hagströmer and Mats Qviberg (the last names of which form the H and the Q of the bank's name). It began operations in 2006. Due to unmanageable risk and losses its banking ...

, , Equity Derivatives , , 2010 , , Mikael König, Patrik Enblad , - , USD 0.15 bn, , , , , , , , USD 0.15 bn, , , , OptionSellers.com, , commodity trading , , 2018 , , James S. Cordier , - , JPY 13.9 bn , , , , , , , , USD 0.14 bn, , , , Nippon Steel Chemical, , Bond futures , , 1993 , , , - , USD 0.14 bn, , 1, , USD 0.14 bn, , −3.7%, , USD 0.13 bn, , , ,

MF Global MF Global, formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-t ...

, , Wheat Futures , , 2008 , , - , , , , , , , N/A, , USD 0.13 bn, , , , self-portfolio , , Bitcoin , , 2017-2018 , , - , USD 0.120 bn, , 1, , USD 0.12 bn, , −3,7%, , USD 0.12 bn, , , ,

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

, , Credit-index options , , 2008 , Matt Piper , - , USD 0.12 (EUR 0.1) bn, , 1, , USD 0.12 bn, , −1%, , USD 0.12 bn, , , , Einar Aas, , Nordpool Power Derivatives , , 2018 , Einar Aas , - , JPY 11.9 bn , , , , , , , , USD 0.12 bn, , , , Nippon Sanso, , Interest rate swap , , 1995 , , , - , USD 0.1 bn, , 1, , USD 0.10 bn, , 15.3%, , USD 0.12 bn, , , , Riječka banka (Rijeka Bank), , Foreign Exchange Trading , , 2002 , , - , HKD 1 bn, , , , , , , , USD 0.12 bn, , , , Blue River HoldingsChina Evergrande Group
David Webb. , , Evergrande Vehicle , , 2021 ,

References

{{DEFAULTSORT:Trading losses Lists by economic indicators Stock market-related lists * International trade-related lists

See also

References