Biggest Financial Losses in History
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1. Melvin Capital: One of the biggest trading losses in the history of the New York Stock Exchange.
2. Orange County: The ideal thing for citizens of a county is to have the government continuously.
3. Hunt Brothers: In a world where everyone is focused on gold, in the late ‘70s,
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4. Morgan Stanley: Morgan Stanley bond trader Howie Hubler got himself into more trouble.
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5. IBM: Thanks to IBM’s early efforts we’re able to withdraw money from ATMs.
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6. Barings Bank: In 1995, Nick Leeson, a Barings bank employee who was stationed in Singapore.
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7. State Teachers Retirement System of Ohio: To help ensure that teachers will have pensions to live off of once they retire, teachers’.
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8. Amaranth Advisors: Amaranth Advisors was an American hedge fund that Nicholas M. Maounis founded in 2000.
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9. UAL (United Airlines): With fuel prices on the rise in the early-2000s, United Airlines’ parent company, UAL Corp.,
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10. Icahn Enterprises: 6 years after he had first invested in Hertz, Carl Icahn had amassed 55.3 million.
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11. Metallgesellschaft AG: At one point in time, Metallgesellschaft AG had more than 20,000 employees spread across 250 subsidiaries worldwide.
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12. Sumitomo Corporation: The Tokyo-based Sumitomo Corporation is a general trading company.
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13. Nakheel: Founded in 2003, Nakheel quickly became one of the largest property developers.
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