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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Jérôme Kerviel

Jérôme Kerviel stories: 28 news summaries

21 - 28 of 28 Stories | << Prev 1 2

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Bank Was Warned About Rogue Trader

Prosecutor says Kerviel was after a big bonus with mammoth trades

Jan 29, 08 3:19 AM CST
(Newser) - The Eurex stock exchange alerted Société Générale to positions held by Jérôme Kerviel months before the bank discovered his staggering $7 billion fraud, the Independent reports. Kerviel produced fake documents to justify his actions to the bank and was motivated by a drive to impress... More »

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fraud • France • banking • bank fraud • Jérôme Kerviel • Société Générale

SocGen Trader Charged,
Faces 7 Years

Kerviel didn't siphon
off a cent, wanted to
be 'a stand-out trader'

Jan 28, 08 9:08 AM CST
(Newser) - Jérôme Kerviel, the rogue trader who cost France's third-largest bank over $7 billion, was charged with attempted fraud by French authorities today, Bloomberg reports. Abuse of trust, the most serious of four charges, carries a potential 7-year sentence and $1.5-million fine. Police want him kept in custody,... More »

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fraud • France • bank fraud • Jérôme Kerviel • Société Générale • trader • abuse of trust

Rogue Trader Bet $73B —Twice SocGen's Worth

'Complicity' by others can't be ruled out

Jan 28, 08 5:41 AM CST
(Newser) - Maverick trader Jérôme Kerviel gambled with $73 billion, twice the market value of Société Générale, by stealing computer access codes and setting up fake email accounts, the French bank revealed as new details emerged in one of the biggest scandals in history. One executive also... More »

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DAX • Jérôme Kerviel • Société Générale • Jean Michel Aldebert • Daniel Bouton

From Rogue Trader to Left-Wing Hero

SocGen worker defended by family, strangers, Communists

Jan 27, 08 7:48 AM CST
(Newser) - For a man who nearly sank one of the largest and most venerable banks in France, rogue trader Jérôme Kerviel has certainly won a lot of support, writes the Observer. In a country that remains weary of so-called "Anglo-Saxon" business models, the Société Générale... More »

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France • bank fraud • Jérôme Kerviel • Société Générale

Rogue Trader in Police Custody

Acquaintances paint portrait of Jérôme Kerviel as traumatized, desperate

Jan 26, 08 9:37 AM CST
(Newser) - Rogue trader Jérôme Kerviel is in the custody of French police today, the BBC reports, being held for questioning on the fraudulent trading scheme that cost Société Générale $7 billion. Police searched his flat in an upscale Paris neighborhood yesterday, leaving with a number of... More »

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France • bank fraud • Jérôme Kerviel • Société Générale

From Clerk to Rogue Trader
to Facebook Laughingstock

SocGen fraudster's woes include poking

Jan 25, 08 11:14 AM CST
(Newser) - You don’t need a fancy education to lose $7.2 billion and become an Internet laughingstock. In the clubby world of French banking, Société Générale traders are usually the Gallic equivalent of Ivy League MBAs, but Jérôme Kerviel, a lowly biz school grad, worked... More »

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Facebook • Nobel Prize in Economics • bank fraud • Jérôme Kerviel • Société Générale

Did SocGen Crash the Markets and Dupe the Fed?

Massive sell-offs might have exacerbated Monday's losses

Jan 25, 08 8:55 AM CST
(Newser) - When Société Générale execs uncovered the scale of rogue trader Jérôme Kerviel's fraud last weekend, they had no choice but to unwind his positions. And while they did warn French regulators, SocGen kept the Monday sell-off under wraps, to avoid even bigger losses than the... More »

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bank fraud • Jérôme Kerviel • Société Générale

'Rogue Trader' Identified, But Still on Loose

'Malicious' 31-year-old massively defrauded SocGen, did not benefit

Jan 24, 08 2:46 PM CST
(Newser) - Jérôme Kerviel, a trader at Société Générale, is the man who lost the French bank $7.2 billion in fraudulent trades, using an "intimate and malicious" knowledge of bank procedure to cover his tracks, the Wall Street Journal reports. The 31-year-old Kerviel got no... More »

MORE ABOUT:
France • bank fraud • Jérôme Kerviel • Société Générale • Bank of France

21 - 28 of 28 Stories | << Prev 1 2


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