Rogue trader blamed for stock exchange turmoil

Rogue trader Jerome Kerviel was today being blamed for aggravating the turmoil that saw tens of billions of pounds wiped off the UK stock exchange earlier this week.

City watchers said attempts by Societe Generale to clear up the mess caused by the 31-year-old Frenchman – who lost the bank €4.9bn in one of the biggest banking frauds in history – had contributed to widespread falls across global markets on Monday.