FX Markets

LOOSE CHANGE

LOOSE CHANGE

With the Barings débâcle barely off the front pages of the global financial press, Lehman Brothers is in the firing line for allegedly luring an inexperienced 31-year-old trader into a honeytrap of unauthorised loss-making currency deals. China National Metals & Minerals Import & Export Corporation (Minmetals) is claiming $128 million from Lehman in a New York lawsuit. The claim breaks down into $28 million in losses and $100 million in damages. The nub of the allegations is that Lehman

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