The trial of Jerome Kerviel, the former trader accused of having lost French bank Societe Generale 4.9 billion euros, has been delayed pending the examination of a procedural appeal lodged by his lawyer.
Jerome Kerviel, the rogue trader suspected of having lost the Societe Generale 4.9 billion euros in a huge fraud scandal in 2008, will be facing trial on charges of breach of trust, among others. He faces up to five years in prison if convicted.
"Le Roman d'un trader" (Story of a Trader), a comedy loosely based on the multi-billion euro losses blamed on Société Générale trader Jerome Kerviel (pictured) in 2008, will run for three weeks at a Nice theatre from September 23.
Jean-Pierre Mustier, the former head of the Société Générale division where alleged rogue trader Jerôme Kerviel worked, said he will leave the bank after French financial regulators announced they were investigating him for insider trading.
Jean-Pierre Mustier, the former head of the Société Générale division where alleged rogue trader Jerôme Kerviel worked, will be leaving the French bank after financial regulators identified him as a supect in investigations for fraud.
French bank Societe Generale has announced profits both for the fourth quarter (87 million dollars) and for the whole past year (2 billion euros), despite the financial crisis and the alleged rogue trader scandal involving employee Jerome Kerviel.
Jerôme Kerviel, the trader blamed for a €4.9 billion loss at French bank Société Générale, has spoken out in public for the first time ahead of his trial. In an interview on French radio, he blamed the bank for encouraging him to take risks.
Jerôme Kerviel, the trader blamed for French bank Société Générale's 4.9 billion euros worth of losses in derivatives trades, could soon face trial after judges called an end to a year-long probe into one of France's biggest banking scandals.
Alleged rogue trader Jérôme Kerviel faced probably his last hearing Thursday in a year-long investigation into the trading scandal that left French bank Société Générale with 4.9 billion euros in losses. Kerviel said he had "a lot more to say".
Jerôme Kerviel, the suspected rogue trader involved in the multi-billion-euro loss scandal plaguing French bank Société Générale, appeared in a Paris court Wednesday along with his former aide Thomas Mougard.
