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Re: Thirteen Years Ago Today

By Meerkat15/9 11:49Wed Sep 15 11:49:58 2021In response to Re: Thirteen Years Ago Today

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We only had a small sideline in derivatives so the newest kid was left doing the collateral each week, just move a few million back and forward.
Then suddenly it went daily and this poor kid had collateral moves north of £50M, causing all sorts of practical issues, and intense scrutiny with rather senior bods marching round each morning (the most senior seemed to be getting a right boner from the 'excitement'). Kid loved it and went from an ex plasterer chav to now being a fund manager in the city!

A weird one was one morning when the order came down direct from the CEO that everything Abbey National had to go. EVERYTHING, right down to clearing minor bank accounts. And NOW!. Never did find out what the panic was about.

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