France's record-breaking fraudster gets jail and massive fine

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.

The ruling marked a huge victory for Societe Generale, one of France’s most established banks, which has worked to clean up its image and put in place tougher risk controls since the scandal broke in 2008.