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Trader on trial over £1.4bn loss

The trial of a former trader accused of causing the largest unauthorised loss in British history - £1.4bn at UBS - will start later.

 

Knight losses estimated at $270 million after taxes: CEO letter

Trading losses at Knight Capital Group Inc were about $270 million after taxes from the August 1 software glitch that sent the firm scrambling for a financial lifeline, Chief Executive Tom Joyce told clients in a letter.

 

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