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French judges questioned former Societe Generale trader Jerome Kerviel and his former boss Thursday in possibly his last hearing in the yearlong probe into the world's biggest trading loss.
A 24-year-old former assistant to futures trader Jerome Kerviel has become the second person handed preliminary charges in the multibillion-euro (-dollar) Societe Generale banking scandal, a French judicial official said Monday.
Societe Generale SA chiefs faced boos and jeers at a shareholders meeting Tuesday while defending the French bank's response to one of the world's largest trading scandals, which caused a massive loss.
A trader at the French bank Societe Generale was released without charge Saturday after two days of questioning about the case of jailed fellow trader Jerome Kerviel.
A Paris court sent French trader Jerome Kerviel behind bars Friday, while the investigation into billions of euros (dollars) of losses he allegedly caused for bank Societe Generale took a new twist with a second employee taken into custody.
Bretons unite to defend one of their ownBretons have always been a resilient and proud people, somewhat isolated from Paris and the main activity of the country, in the same way as Cornwall is in the UK. Indeed, Mr Kerviel's home region is known as Cornouaille, the French for Cornwall.
French bank 'had trader warning'French stock market officials warned Societe Generale about alleged rogue trader Jerome Kerviel late last year, a Paris prosecutor has said.
French Trader Is Remembered as Mr. AverageUntil Jérôme Kerviel was charged in unprecedented fraud, there was nothing superlative about him.
I just find this whole story hard to believe! According to the official version of events, a single, undistinguished trader ran rings round SocGen's vast risk management system to take massive – and as it turns out, un-hedged – positions in European equity futures."
Zeroes are zeroes, what difference does it make to a young SocGen trader? By Iqbal Latif, Paris
French trader was forced to work 30 hours a weekFriends of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week.
Revealed: 'Invisible man' rogue trader behind £3.7 BILLION bank fraudA rogue trader known as "the invisible man" gambled up to £60 billion in the world's biggest banking fraud disaster. The bank's bosses decided it had to cancel the bets immediately when the markets opened on Monday. ...
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