Friday, June 25, 2010

Société Générale Trader Remains an Enigma -

Société Générale Trader Remains an Enigma -
"The trial of Jérôme Kerviel, accused of setting off nearly €5 billion in losses at the French bank Société Générale, ended Friday with judges and prosecutors conceding that a two-year investigation and three weeks of court hearings had left them no wiser about what had ultimately motivated the former trader to make his enormous, unauthorized bets.

A three-judge panel will now spend the coming months poring over the testimony of more than 40 witnesses in an attempt to determine whether blame for the scandal should rest solely on the shoulders of one man."
Here are some past coverage of the story which gets class time if for no other reason to show what a single trader can do. At the time this was seen as rouge trader 2 in the spirit of Nick Leeson at Barings bank.

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