Photographer: Jason Alden/Bloomberg

Biggest Banks Rue Millions Lost on Trader Who Failed Before

  • Statti helped run two troubled companies before Invexstar
  • Trader rode scooter, gave wine to clients, ex-colleagues say

BNP Paribas SA and Nomura Holdings Inc. are among five banks nursing losses of about 120 million pounds ($171 million) on the demise of an obscure bond-trading firm called Invexstar Capital Management Ltd. They shouldn’t be surprised.

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