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French bank rocked by rogue trader: Societe Generale blames $7.2 billion in losses on a quiet 31-year-old
- Source :
- Wall Street Journal. Europe. Jan 25, 2008, A1
- Publication Year :
- 2008
-
Abstract
- French bank Societe Generale S.A. has lost $7.2 bil due to large unauthorized trades made by a 31-year-old trader, Jerome Kerviel. Kerviel disguised the trades via computer hacking. Societe Generale is now seeking a capital infusion drawn primarily from its shareholders.
- Subjects :
- Societe Generale S.A. -- Finance
Societe Generale S.A. -- Officials and employees
Societe Generale S.A. -- Investigations
Banking industry -- Finance
Banking industry -- Officials and employees
Banking industry -- Investigations
Banking industry
Company financing
Company legal issue
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.173783969