French rogue trader Jerome Kerviel is expected to be freed on bail when he appears in court today as part of the initial criminal investigation into his €4.9bn fraud.

The French trader accused of massive bank fraud is co-operating with police, who were expected to hold him for a second day of questioning today, officials said.

A trader blamed by French bank Societe Generale for a massive fraud was taken into custody today, judicial officials said.

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.

Societe Generale bank’s chief executive took out newspaper ads today begging shareholders to accept his “apologies and deep regrets” after a trader at the bank was accused of fraud costing the company €4.96bn.

The second-biggest bank in France admitted today it has lost €4.9bn through a junior rogue trader who gambled it away on the world’s markets.

AN American hospice nurse has been acquitted of charges of poisoning her husband to inherit his $15 million fortune.

The chairman of one of France's largest banks has been questioned in connection with a probe into an alleged money laundering scheme.