http://www.foxbusiness.com/story/ma...erica-uncovers-new--mln-merrill-lossesreport/ Merrill Lynch lost a staggering $13.8 billion in the final quarter of 2008, before being taken over by Bank of America (BAC: 3.169, -0.071, -2.19%) on Jan. 1 -- and now at least one of the traders who apparently contributed to that loss is being investigated by British regulators, according to the New York Times. Alexis Stenfors, a currency trader in London, lost $120 million as “others seemingly lost hundreds of million on tricky credit derivatives,” the Times said in its Friday edition.
Actually, Stenfors claimed he made 120 million but it was shown that he lost 400M. http://www.businessinsider.com/henry-blodget-rogue-merrill-trader-lost-400-million-2009-3