Stop your block trade blowing a fuse

When a $500 million-plus block trade turned sour, bank executives asked: 'Does anybody know what this company does?' Silence ensued

When a multimillion-dollar block trade in a European company turned sour for a US bank last March, it prompted the bank’s top regional executives to gather for a post-mortem.

One question asked of those involved in the deal seemed to typify the dangers behind Europe's market for these accelerated overnight sales of stock.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire