Thursday, January 24, 2008

SocGen humbled by rogue trader scandal (Reuters)



A man, whom French media are identifying as Societe Generale employee Jerome Kerviel, is seen in this undated photo. The trader at the heart of an alleged 4.9 billion euros ($7.1 billion) fraud at French bank Societe Generale has been identified as Kerviel, three sources within the company said on January 24, 2008. (Handout/Reuters)Reuters - French bank Societe Generale faced tough
questions on Friday over how it failed to spot the biggest
rogue dealing fraud in history, in which a single young trader
triggered a $7 billion loss under the noses of top executives.




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1 comment:

The insider said...

See http://socgenaffair.blogspot.com

January 27, 2008 at 7:49 AM

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