Trading Error News Today

Billion take over of formula one and remove Bernie Ecclestone as Chief Executive, ending his a0 year reign in charge of the sport. A surge in cyber crime pushed the cost of fraud above £1 billion last year. And its getting worse despite attempts to tackle it. Im looking at why and what more needs to be done. And were going to be talking about the happiest children in the world. Studies suggest they live in the netherlands. But what makes them so happy . Well meet two mums now living there whove...

Citigroup Fined by U.K. Watchdogs Over $1.4 Billion Trading Error A Citigroup subsidiary was fined $78 million by two U.K. regulators after failings in the groups systems and controls led to...

OPENING CALL Stock futures drifted lower and bond yields rose on Wednesday as investors eyed minutes from the Federal Reserves May meeting and higher-than-expected U.K. inflation reminded the...

Explain that loss to anyone? or will the government sort of be all by themselves out there today. >> reporter: thr-s hearing its all government with folks from the federal government, the federal reserve. the federal consumer protection bureau. they will all be testifying today. a week from today, next weeks, jpmorgans cep jaime diamond will be receiving. they are saying today that government regular hraeurts are working with jp morgan to figure out how to manage and derisk the huge portfolio th...

Taking irresponsible on the part of some on wall street who treated our financial system like a casino. recently weve seen why we cant let that happen. we found out that a big mistake at one of our biggest banks resulted in a 2 billion dollar loss. we cant afford to go back to that brand of youre on your own economics. not after the american people have worked so hard to come back from this crisis. >> let me just frame this. now, here is the question. jp morgan did lose a lot of money, their own...

Is the next stage of the global financial crisis? joining me charles gasparino and jherri willis this is only part of it. proctor gamble confirmed the trading error. explain what happened. >> at around 2:00 the market was down 250 points. then there was this trading error. when trading records occur sometimes other programs kick in and markets plunge because it is electronic. remember, the markets were down big time. take trading records out the market is down 6% in three days. theres an underly...

The spin stops here we are looking out for you. the spin stops here we are captioned by closed captioning services, inc. . sean the dow plunged almost 1,000 points in minutes part of the reaction to the mayhem taking place in greece. that country is in the midst of a financial crisis. 11.6 billion dollars by may 19th, to cover its debt payments and is looking to its european neighbors for a bailout. earlier this around dow dropped nearly 1,000 points, 9% in 20 minutes. here you can see an accele...

Police there and theyre going after these protesters. >> thats right. a few sticks of dynamite at the police and it was a very tense situation where just waiting, waiting for something to happen and then im not sure what exactly it was that kicked it off. the police pushed forward with tear gas and demonstrated -- being pushed down into the side streets. thousands of people. >> they have hiked taxes there. they have cut pay there. they have upped the retirement age there. so people are really fe...

Of people. its going to -- the governors estimating in nashville alone a cost of more than a billion dollars, statewide, a lot of suffering as well. so the story heres just really begun. >> a lot more coming up on "ac 360" thats 10:00 eastern time. and coming up, lawrence taylor, l.t., one of the biggest stars in football history, hes been in trouble with the law before, but never like this. the very latest on his shocking arrest today coming up in just a moment. but first tom foreman has to...

Market down like that? >> i was saying because youre in a hectic situation on a daily basis where all that pressure is on you. >> its astonishing to me, brian, what 12 hours, 18 hours after this happened, i still cannot confirm which trader with which company. now, why not? dont you think we ought to know by now? we should know. >> ok, thats the talk on the street. but its not confirmed. and ill tell you why its not been confirmed because as soon as you find out which trader in which company did...