Trader gambled ‘more than the value of the bank’

A FRENCH presidential adviser has said the rogue trader who this week lost €4.9 billion had been gambling more than the value of the bank he worked for.

Trader gambled ‘more than the value of the bank’
Sat, 26 Jan, 2008 - 00:00
Conor Ryan

Investigations have been launched by the French government, the police and Societe Generale — where 31-year-old trader Jerome Kerviel wracked up debts which have baffled the financial world.

His lawyers maintain he is not on run and is available for questioning.

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CourtsPlace: ParisPerson: Jerome KervielPerson: KervielPerson: Raymond SoubiePerson: GovernorPerson: Christian NoyerPerson: David GaffenPerson: GaffenPerson: prime ministerPerson: Francois FillonOrganisation: French governmentOrganisation: Societe GeneraleOrganisation: FranceOrganisation: Federal ReserveOrganisation: Bank of FranceOrganisation: US Federal Reserve
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