Rogue French trader taken into custody
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A rogue trader who cost France's Societe Generale bank more than $7 billion by making bad stock market bets was taken into custody on Saturday for questioning, judicial officials said.
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Jerome Kerviel, the rogue trader alleged to have cost his bank billions of euros, is in police custody, reports say.
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The junior trader blamed for causing a $7  billion loss at French bank Societe Generale faced a second day  of questioning by finance police on Sunday.
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Societe Generale said Sunday that a rogue trader suspected of incurring massive losses at the French bank held positions worth about 50 billion euros (73 billion dollars) when he was uncovered.
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The trader behind the near five billion euro (7.15 billion dollars) fraud at French bank giant Societe Generale is called Jerome Kerviel, a source at the bank said Thursday.
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Jerome Kerviel, the rogue trader alleged to have cost his bank billions of euros, is police custody, reports say.
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Financial police in Paris were to question a trader who cost Franceâs SociÃ©tÃ© GÃ©nÃ©rale more than $7 billion, judicial officials said.
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French police had a second trader in custody Friday in their probe of trades that led to massive losses at bank Soci&#201;t&#201; G&#201;n&#201;rale, the newspaper Le Monde reported
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The French bank said that the fraud had been committed by a trader in charge of hedging on European index futures.
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One of North Africa's most wanted  Islamic militant leaders, accused in the kidnapping of 32  European tourists last year, has been taken into custody in  Algeria, authorities said on Thursday.
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The trader at the centre of a massive trading scandal reportedly says Societe Generale must have known of his risk taking.
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Trader blamed for â¬4.9bn loss at SociÃ©tÃ© GÃ©nÃ©rale being questioned, reports say
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An employee of Fimat, a futures brokerage affiliated with SociÃ©tÃ© GÃ©nÃ©rale, was taken into custody for questioning in the Kerviel case, the Paris prosecutorâs office said.
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French police have detained an executive of Total for questioning as part of an investigation into suspected bribes paid to foreign officials by the oil giant, judicial officials said Thursday.
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Nouakchott, Mauritania - Authorities said on Saturday they arrested the alleged ringleader of a string of foiled coup and assassination attempts against Mauritania&#39;s leaders.
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Police on Saturday questioned the young trader blamed for a massive fraud that cost France's Societe Generale bank more than $7 billion, as the country's president accused global financial institutions of having "gone haywire" and urged common sense.
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It's not every day you can say that France found itself embroiled in the middle of yet another internet gambling controversy Tuesday, after Dutch authorities arrested the CEO of Unibet - a Swedish online gambling provider with a history of run-ins with French authorities - on an outstanding French warrant.â¦