A Paris court has convicted a former futures trader on charges including forgery and breach of trust. Jerome Kerviel's unauthorized trades cost one of France's oldest banks big. In 2007 and 2008, Kerviel covered up nearly $70 billion in trades for Societe Generale. The bank's losses on those trades was nearly $ 7 billion.
» E-Mail This » Add to Del.icio.us
Full story at http://www.npr.org/templates/story/story.php?storyId=130342905&ft=1&f=1006
No comments:
Post a Comment