Latest Mitsubishi Corp News

Rogue oil trader hits Mitsubishi unit for $320 million

Sep. 20, 2019 9:12 AM EDT

NEW YORK (AP) — One of Japan's most storied trading houses says it's lost $320 million in a series of unauthorized transactions by a rogue trader. Mitsubishi Corp. said Friday that the employee in its Petro-Diamond unit in Singapore disguised the trades to look like legitimate hedges. Derivatives are...