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Lunch Wrap

On FT Alphaville this morning,

- Exclusive: Oil rogue trader at PVM.

- PVM rogue update.

- Frank Timis, master entrepreneur

- Sovereign ratings: is the UK riskier than China?

- Taleb v. Tavakoli, a pixelated post-it update.

- In further reading, the man unwinding AIG.

- In pink picks,  the necessity of a punitive Madoff sentence.

- And in markets live, tennis, rogue trading and the LSE.

On FT.com,

- Standard Chartered names John Peace as new chairman.

- EU faces permanent output loss.

- Chinalco buys $1.5bn Rio Tinto shares.