BANKING: Rogue trader Kerviel faces former boss in court
Jerome Kerviel, the former trader blamed for France’s biggest banking scandal, faces former Societe Generale chairman and CEO Daniel Bouton in court Tuesday in the first face-to-face meeting between the two men since the scandal broke. Read More
FRANCE: Former SocGen boss slams Kerviel for ‘inhuman’ risk-taking
The former head of SocGen’s investment division blamed Jerome Kerviel for unauthorised trades that led to 4.9 billion euros in losses, accusing him of taking “inhuman” risks on the second day of the disgraced trader’s trial. Read More
FRANCE: Former Vivendi boss Messier back in court
Former Vivendi boss Jean Marie Messier, who faces charges of embezzlement and misleading the stock market, told a French court on Wednesday that he acted in the best interests of the company. If convicted, he faces up to five years in jail. Read More
FRANCE: French anti-hero tells court that he is ‘no Robin Hood’ at heist trial
Tony Musulin, a French security guard who became an internet sensation after he stole 11.6 million euros in 2009, told the court Tuesday that he was upset with his boss and that he was ‘no Robin Hood’. Read More