3.9 Billion?

Where did the money that the investment banker from France lost go to?
Who benefited from this? The money couldn't just have dissapeared.

<<<Where did the money that the investment banker from France lost go to?>>>

My understanding is that he invested in derivatives such as futures and options. With futures and options there are two parties, a buyer and a seller, as long as the contract exists. For every penny the buyer makes, the seller loses a penny. For every penny the seller makes, the buyer loses a penny.
So, if his investments lost 3.9 billion other parties in the investments made 3.9 billion.

<<<Who benefited from this?>>>

The other people on the other side of his trades.

<<<The money couldn't just have dissapeared.>>>

If he lost money holding stock positions, that money can just disappear. With stocks holdings, once a trade is complete the seller no longer has any financial interest in the position and does not benefit from a decline in the price.

the money goes to other bank and investiment people - he bought shares from them

Its like you buy a car for 拢10,000 then sell it for 拢3,000 and keep doing it, thats what happens with equities! He bought for one price the market value would drop and he would be forced to sell for a lower price! The object is to do it the other way round!

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