Rogue trader goes on trial
At the time, more than two years ago, the hit taken by Societe Generale was considered history’s biggest trading fraud, but it was soon dwarfed by the global financial crisis, the fall of Lehman Brothers and the Bernard Madoff multi-billion-dollar Ponzi scheme.
Kerviel has already laid out his defence in a book, casting himself as an everyman who got carried away, a scapegoat for the bank, the victim of an out-of-control banking system.
