Hunt Is On for Rogue Trader Who Cost French Bank Pounds 3.7bn

Summary

---

The hunt was on yesterday for a rogue trader who caused the second biggest bank in France to lose 4.9 billion euros (pounds 3.7 billion) in one of the largest banking frauds in history.

Frenchman Jerome Kerviel, 31, has yet to be formerly sacked by Societe Generale for what the company says was an elaborate deception by an "irrational" trader.

See the full content of this document

Extract

---

Hunt Is On for Rogue Trader Who Cost French Bank Pounds 3.7bn

The bank said he managed to rack up hefty losses after gambling away billions of pounds on the direction of stock markets in a ...

See the full content of this document

---