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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Jerome Kerviel

Jerome Kerviel stories: 3 news summaries

SocGen Chief Resigns Amid Growing Outcry

Executive pay scandal, $6.4B fraud fallout
push Bouton to quit

Apr 29, 09 7:08 AM CDT
(Newser) - The chairman of Société Générale announced his resignation today amid growing public criticism of his performance, Reuters reports. Daniel Bouton had been scolded by Nicolas Sarkozy for his handling of the rogue trading affair that cost the bank $6.4 billion; last month the president attacked the... More »

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France • resignation • bank • Daniel Bouton • Societe Generale • Jerome Kerviel

France Frees Rogue Trader Kerviel

He'll be under 'judicial control' during probe
of $8B SocGen loss

Mar 18, 08 8:50 AM CDT
(Newser) - Jerome Kerviel, the trader accused of an $8 billion fraud that nearly brought down Societe Generale, has been freed by a Paris court after five weeks in detention, the Guardian reports. The trader, who faces charges including breach of trust and falsifying documents, will remain free while the case is... More »

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Paris • banking • rogue trader • securities fraud • Societe Generale • Jerome Kerviel

Second SocGen Broker Held in Kerviel Probe

Could derail rogue trader's chances of getting released

Mar 12, 08 10:23 AM CDT
(Newser) - Authorities have taken a second Societe Generale employee into custody and conducted a search of La Defense headquarters, as the probe into unauthorized securities trading that cost the French bank $7.6 billion expands, reports Bloomberg. Police are holding a broker from a bank subsidiary, said a SocGen spokeswoman. Another... More »

MORE ABOUT:
rogue trader • SocGen • risky trading • securities fraud • Societe Generale • Jerome Kerviel

3 Stories


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