French rogue banker Kerviel goes on trial

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.

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 multibillion-dollar Ponzi scheme.