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.

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.