FRANCE: SocGen to spare ‘rogue trader’ Kerviel full damages
French bank Société Générale has said it will not seek the full 4.9 billion euros in damages imposed on its former trader Jérôme Kerviel, who was sentenced Tuesday to three years in jail, with two suspended, for illicit trading. Read More
FRANCE: ‘Rogue trader’ Kerviel says he is scapegoat of financial system
Former trader Jerome Kerviel, sentenced to three years and fined 4.9 billion euros in damages Tuesday for illicit trades that led to huge losses at French bank Societe Generale, said Wednesday that he is a scapegoat of the financial system. Read More
FRANCE: Court finds ‘rogue trader’ Kerviel guilty in fraud trial
A criminal court in Paris has sentenced former Société Générale trader Jérôme Kerviel to five years in jail, including two suspended, and to pay 4.9 billion euros in damages for illicit trading that caused huge losses at the French bank. Read More
FRANCE: French court to pass verdict on rogue trader Kerviel
The Societe Generale rogue trader, Jerome Kerviel (pictured), faces sentencing in a Paris courtroom Tuesday. The 33-year-old’s defence has persistently argued that Kerviel’s bosses were aware of his risky deals which nearly destroyed the bank. Read More
FRANCE: Verdict set for October as ‘rogue trader’ trial ends
A lawyer for former Société Générale trader Jérôme Kerviel has asked a court in Paris to clear his client of any wrongdoing in the scandal that cost the French bank close to €5 billion. Read More
FRANCE: SocGen demands €4.9 billion from Kerviel to compensate losses
French bank Société Générale on Wednesday told a Paris court it wants €4.9 billion in compensation from former employee Jérôme Kerviel, who is on trial for alleged illicit trading that cost the bank €5 billion in losses. Read More
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: Kerviel’s ‘stratospheric’ trades shocked ex-colleague
A former colleague of ex-Societe Generale trader Jerome Kerviel (pictured) accused him in court Thursday of having put the bank at risk with ‘stratospheric’ trades. Kerviel cost the bank 4.9 billion euros in losses in a scandal that rocked France. Read More
FRANCE: Kerviel defiant as SocGen managers take the stand
Current and former managers at French bank Société Générale give their first evidence at a Paris court Wednesday a day after alleged rogue trader Jérôme Kerviel accused his former employers of “encouraging” him to take risks. Read More
FRANCE: Frenchman Jérôme Kerviel faces ‘rogue trader’ trial
The trial of Jérôme Kerviel, the former trader blamed for record losses totalling five billion euros at French bank Société Générale, is due to begin on Tuesday. Read More