Citigroup Inc., the largest U.S. bank, lost $20 million buying and selling gold and silver in 2002 and 2003, after a trader hid contracts and reported bogus prices, according to a New York Stock Exchange report.
A good portion of those losses can be attributed to Citigroup trader Gail Edmonds.

This content is only available to members of the CSBJ.

To gain access, you’ll need to sign in or purchase Digital, Print & Digital Plus, Print & Digital, Print, Digital and The Transcript, Corporate Membership or Digital Monthly

If you’re already a member, sign in here.