No surprise here:  The Insider

Richard

==================================================================================

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3242996.ece

Jerome Kerviel named in €5bn bank trading fraud
Jerome Kerviel has been named as the Societe Generale rogue trader who 
allegedly lost the bank €4.9bn in a huge scandal

The French bank Société Générale stunned financial markets today by revealing 
that it had been the victim of a near-€5 billion (£3.7 billion) rogue trading 
fraud, one of the world's largest and four times the size of the cover-up by 
Nick Leeson, the man who sank Barings.

The bank declined to identify the trader, but he has been named as Jérôme 
Kerviel, a 31-year-old options trader.

"He is not here and we do not know when he will be back," said a colleague who 
answered his line at the bank's trading room in La Défense, the business 
district west of Paris.

....



_______________________________________________
Fun and Misc security discussion for OT posts.
https://linuxbox.org/cgi-bin/mailman/listinfo/funsec
Note: funsec is a public and open mailing list.

Reply via email to