Rogue trader jailed for losing £3m

A rogue City trader was jailed for two-and-a-half years today after he admitted covering up trades that lost his firm nearly £3m (€3.64m), triggering a dozen redundancies and pay cuts across the board.

Jonathan Bunn, 31, a former inter-deal broker with Lewis Charles Securities (LCS), brought the firm "to its knees" by placing unauthorised trades and then hiding his activities by writing out false deal slips designed to mislead back office employees.