Whale of a Trade at Biggest U.S. Bank With "Best Control"

http://www.businessweek.com/news/2013-06-03/whale-of-a-trade-revealed-at-biggest-u-dot-s-dot-bank-with-best-control

$44 million on corporate-credit bets three days earlier and was down more than $500 million for the year, Bloomberg Markets will report in its July issue. He and junior trader Julien Grout, under pressure from their manager, had tried to hide the extent of losses that would swell to more than $6.2 billion, the bank’s biggest trading blunder ever.
“They are going to destroy us,” Iksil wrote to Grout that Friday in one of hundreds of e-mails, instant messages, transcripts of recorded conversations and other documents released in March by the U.S. Senate’s Permanent Subcommittee on Investigations after a nine-month probe.