Posted on 06 March 2009
Tags: airline credit card, America, American International Group, Asia, Atlanta, AUD, bank, Bank of England, Barcelona, Best Rated Debt Consolidation Loan Company, CAD, car loan, cent, central bank
interest, central banks, CHF, Clark Howard Simplifies, congress, Debt Consolidation Service, Doug C Jones There, enormous principal, EUR, European Central Bank, European Union, FDIC, Federal Government, Federal Reserve System, Frank Froggatt Attempting, Frank FroggattIf, GBP, home owner, Jean-Claude Trichet, Jeff Lakie Wisdom, Jim Cramer, JPY, Kevin Lisota, Larry Parker Bad, lawyer, London, Luke Peterson Occasionally, Mark Ronn Occasionally, Mark Ronn Sometimes, Nadeem Walayat, New York, New York Times, NZD, Obama, Obama Administration, President, Sheree Whitfield, Suze Orman, United Kingdom, united states, Winston Churchill
Posted on 25 February 2009
Tags: advertising, bank, Bank of Mizuho, bank UBS, BBC, Billion Dollar, Bloomberg, Capcom, Dentsu, Five, JPY, Mizuho, OTC Market, Producer, Stock Markets, swiss bank, Swiss Bank UBS, Tokyo Stock Exchange, trader, UBS, UBS nearly lost, USB Bank
The Japanese unit of the largest Swiss bank UBS nearly lost 30 trillion yen because of a computer errors. it was about to spend 3 trillion yen (31 billion dollars) to purchase bonds of Capcom, a manufacturer of video games. (Bloomberg Report).
USB Bank officials then explained that they were going to place an order for the purchase of bonds in the amount of 30 million yen (310 thousand dollars), but due to an error, computer added Five zeros to the order.

According to UBS, the deal was concluded on the OTC market and has not been recorded in the Trading System of Tokyo Stock Exchange (BBC Report).
According to Capcom, Famous producer of game series Resident Evil and Street Fighter, the Tokyo Stock Exchange canceled the deal and they apologized from the company. Cancellation was requested by UBS, who also asked for forgiveness for the mistake. This event however did not had any major impact on the trading session.
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