Sacre Blue!
Rogue French Banker
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.
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