The appeal of former trader Jerome Kerviel, sentenced in 2010 for losing €4.9bn for his employer Societe Generale, has opened in Paris.

A suspected rogue trader was being questioned today after Swiss banking giant UBS discovered €1.48bn worth of unauthorised deals.

IF previous rogue traders are anything to go by, notoriety and possibly even a Hollywood film await the person behind the €1.66 billion UBS fallout.

A 31-year-old man was arrested in London today in connection with allegations of €1.48bn of rogue trading at Swiss banking giant UBS.

Rogue French ex-trader Jerome Kerviel insisted today he was a scapegoat for his former bank and compared his three-year jail sentence to getting “hit on the head with a club”.

JEROME Kerviel has been sentenced to three years in prison and ordered to repay Societe Generale’s €4.9 billion trading loss by a judge who said the former trader’s actions threatened the bank’s existence.

Rogue French financier Jerome Kerviel was convicted of history’s biggest trading scandal, jailed for three years and ordered to pay a massive €4.9bn in damages today.

French rogue bank trader Jerome Kerviel was jailed for three years and ordered to pay €4.9bn damages after being convicted of fraud today.

Paris: If Jerome Kerviel is convicted next week of causing Societe Generale’s €4.9 billion loss, he won’t face the kind of sentences given to financial felons like Bernard Madoff (150 years) or even Nick Leeson (six-and-a-half years).

Societe Generale had the means to track soaring bets that cost the French banking giant billions – and stop him, lawyers for accused rogue trader Jerome Kerviel said today.

A French prosecutor is seeking a sentence of four years in prison for former Societe Generale trader Jerome Kerviel, accused of one of history’s biggest trading frauds.

Paris: Jerome Kerviel’s superiors at Societe Generale would have been informed about unauthorised trades by a system of alerts and limits, a former colleague told a Paris court.

A former supervisor of the French bank trader who cost his employers billions, told a court today that bosses must have been aware of the wayward deals.

Rogue trader Jerome Kerviel went on trial in Paris today accused of one of history’s biggest bank frauds.

Jerome Kerviel, the French trader accused of gambling away billions of his bank’s money, was due to face trial today.

ROGUE financial trader Jerome Kerviel goes on trial in Paris today accused of risking billions of his bank’s money in trades that led to massive losses.

Rogue financial trader Jerome Kerviel goes on trial in Paris tomorrow accused of risking billions of his bank’s money in trades that led to massive losses.

A Paris judge filed preliminary charges against a trader suspected of losing more than €600m in complex derivative trades at French mutual bank Caisse d’Epargne.

A Paris judge has filed preliminary charges against a trader suspected of losing more than €600m in complex derivative trades at French mutual bank Caisse d’Epargne.

A 24-year-old former assistant to futures trader Jerome Kerviel has become the second person handed preliminary charges over the multi-billion Societe Generale French banking scandal.

Rogue trader Jerome Kerviel whose unauthorised billion-pound deals nearly broke France’s second-biggest bank definitely acted alone, a report said today.

Investigators at Societe Generale SA say they suspect former futures trader Jerome Kerviel was helped by an assistant to cover up massive trading positions that led to a multibillion euro loss.

Troubled French bank Societe Generale SA will publish two related reports today into what went wrong during a multi-billion-euro trading scandal uncovered in January this year.

The former Societe Generale trader accused of causing billions of pounds of losses at the French bank has got a new job.

TRADER Jerome Kerviel, who allegedly cost Societe Generale bank €4.9 billion with unauthorised activities, has not begun a wrongful dismissal claim, a source close to him said yesterday.

Rogue trader Jerome Kerviel whose unauthorised deals lost billions for his French bank was released from custody on bail today.

A French court has ordered the release from prison of a Societe Generale trader blamed for a massive fraud at the bank.

French financial investigators are searching for a London-based broker believed to be tied in with rogue trader Jerome Kerviel’s massive fraud.

A COURT yesterday ordered rogue French trader Jerome Kerviel to be held in jail while investigations continue into massive losses at his bank Societe Generale.

A court today ordered rogue French trader Jerome Kerviel to be held in jail while investigations continue into massive losses at his bank Societe Generale.

French police were questioning a second trader today in the inquiry into massive losses at Societe Generale bank.

Rogue trader Jerome Kerviel broke his silence today over the alleged fraud that saw French bank Societe Generale lose €4.95bn, stating that he had got “a bit carried away”.

Rogue trader Jerome Kerviel broke his silence today over the alleged fraud that saw French bank Societe Generale lose €5bn, stating that he had got "a bit carried away".

A trader accused of causing huge losses at French bank Societe Generale is under police protection, the country’s finance minister said today, while the bank’s legal troubles have expanded to the United States.

The board of scandal-marred French bank Societe Generale met today as its top executive came under intense pressure over the loss of billions of euro blamed on a rogue trader.

Accused French rogue trader Jerome Kerviel told police his Societe Generale bosses must have been aware of his massive risk-taking on markets but turned a blind eye as long as he earned money, a judicial official said tonight.

The French government will back troubled bank Societe Generale against any attempted takeovers while it remains weakened by the rogue trader scandal, Prime Minister Francois Fillon said today.

Investigating judges filed preliminary charges against a trader accused of causing billions of euros in losses at France's second-largest bank.

FRENCH trader Jerome Kerviel admitted to concealing multi-billion-dollar deals at Societe Generale, a prosecutor said yesterday, as the bank was hit by insider trading allegations and a plunging share price.

Investigating judges filed preliminary charges today against Jerome Kerviel, the bank trader accused in a €4.9bn fraud case against Societe Generale, France’s second-largest bank, his lawyer said.

Rogue trader Jerome Kerviel carried out his massive fraud in an attempt to become a star worker, a French prosecutor said today.

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.

Societe Generale told how its rogue trader evaded controls to bet €50bn – more than the French bank’s market worth – on European markets.

SOCIETE GENERALE detailed yesterday how a young trader evaded all its controls to bet some €50 billion — more than the French bank’s market worth — saying he hacked computers and used other “fraudulent methods” to cover his tracks, causing billions of dollars in losses.