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French Trader Fingers His Bosses
Report: Jerome Kerviel says his bosses were aware of his financial risk taking.
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Rogue trader blamed for 5-billion-euro French bank fraud (AFP)
AFP - French banking giant Societe Generale said Thursday a single trader who fooled his bosses carried out a massive 4.9 billion euro (7.15 billion dollar) fraud -- one of the biggest in financial history.
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French police interrogate rogue trader (AFP)
AFP - French police were set Sunday to continue questioning accused rogue trader Jerome Kerviel, who investigators said wants to explain his role in the seven billion dollar loss at Societe Generale.
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French trader 'staked 50bn euros'
The French financial trader at the centre of a massive fraud case gambled around 50bn euros, his employer says.
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French bank says trader hacked computers (AP)
AP - Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion — more than the French bank's market worth — on European markets hacked computers and "combined several fraudulent methods" to cover his tracks, causing billions in losses.
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Report Says French Bank Trader’s Managers Were Negligent
A report by French regulators said Jérôme Kerviel, the trader who lost Société Générale $7.2 billion, took advantage of managers’ negligence to camouflage his trades.
Home > Rss Directory > Business > NY Time
French bank details $7.2 billion loss - CNN
KIMA CBS 29French bank details $7.2 billion lossCNN - 1 hour ago(CNN) -- French bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (€4.9 billion) fraud, how the loss came to light and what it is doing to ensure such
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Transcript Reveals Details of French Trader’s Actions
Documents suggest that a trader at Société Générale was aware of Jérôme Kerviel’s surreptitious trading and that Mr. Kerviel understood the gravity of his actions.
Home > Rss Directory > Business > NY Time
Messages Show Details of French Trader’s Actions
Documents suggest that a trader at Société Générale was aware of Jérôme Kerviel’s surreptitious trading and that Mr. Kerviel understood the gravity of his actions.
Home > Rss Directory > Business > NY Time
Second French rogue trader case sparks risky thinking
Can real-time controls prevent fraud? A trader suspected of losing his employer as much as €751m ($940m) in ill-judged derivatives trades has been placed under investigation. The case has sparked a fresh assessment of the adequacies of compliance systems and how they might be improved and stirr
Home > Rss Directory > General > The Register
French Bank Accuses Trader of Hacking
French Bank Accuses Trader Held in Fraud Probe of Evading Controls to Bet Billions
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French Court Releases Rogue Trader
A French appeals court ruled that Jérôme Kerviel, the former trader Société Générale has blamed for billions in losses, should be released from jail while an investigation continues.
Home > Rss Directory > Business > NY Time
Rogue trader held in French bank scandal (AP)
AP - Police on Saturday questioned the young trader blamed for a massive fraud that cost France's Societe Generale bank more than $7 billion, as the country's president accused global financial institutions of having "gone haywire" and urged common sense.
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French trader under investigation
The trader at the centre of a banking scandal in France is placed under investigation and freed on bail.
Home > Rss Directory > General > BBC
French trader under investigation
The trader at the centre of a banking scandal in France is placed under investigation and freed on bail.
Home > Rss Directory > General > BBC World
Judge to Decide if French Trader Remains Free
Jérôme Kerviel, the Société Générale trader accused of losing $7.1 billion in illegal trades, could spend months in a jail while an investigation runs its course.
Home > Rss Directory > Business > NY Time
Former Trader at French Bank Is Ordered Jailed
A Paris court ordered that Jérôme Kerviel, the former trader who Société Générale says cost it more than $7 billion, be jailed during the investigation and any eventual trial.
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America's Rogue 'French' Trader
Friends say the trader at the center of a $141M scandal is a smart, kind man.
Home > Rss Directory > General > ABC News
America's Rogue 'French' Trader
Friends say the trader at the center of a $141M scandal is a smart, kind man.
Home > Rss Directory > Business > ABC News
French Trader Is Freed While Fraud Case Advances
Jérôme Kerviel, the trader accused of causing more than $7 billion in losses at Société Générale, left a Paris prison cell after more than five weeks in pretrial custody.
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