SocGen trader questioned for second day
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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 on Sunday by finance police, who said he was cooperating with their inquiry.
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Portuguese police questioned a British suspect, Robert Murat, for a second straight day Wednesday over the disappearance of a four-year-old British girl who has gone missing since May 3.
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An employee of a futures brokerage affiliated with SociÃ©tÃ© GÃ©nÃ©rale was questioned in the Kerviel case.
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French bank Societe Generale faced tough questions on Friday over how it failed to spot the biggest dealing scandal in history in which a lone trader triggered a $7 billion loss under the noses of top executives.
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The trader blamed for a $7 billion fraud at French bank Societe Generale is not on the run and will be questioned at an appropriate moment, the Paris prosecutors' office said on Saturday.
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The board of Societe Generale was expected to decide on Wednesday whether to ditch its chairman in the wake of rogue trading losses, with the future of France's second-biggest listed bank at stake as the government warned off predators.
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French detectives interrogate trader who could have dealt with JÃ©rÃ´me Kerviel
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The board of French bank Societe Generale met Wednesday with its top executive under intense pressure over the loss of $7.09 billion blamed on a rogue trader.
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French bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (&#8364;4.9 billion) fraud, how the loss came to light and what it is doing to ensure such a case does not recur.
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A Paris prosecutor on Monday asked for preliminary charges of forgery, breach of trust and fraud to be filed against a trader accused by Societe Generale bank of causing what could be history's largest trading fraud by a single person.
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs  loss of billions of euros.
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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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Scandal-hit French bank Societe Generale opened its own inquiry on Wednesday into how it suffered history's biggest rogue trader loss, but resisted heavy pressure to sack its chairman and CEO.
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Exchange officials warned Societe Generale about rogue trader Jerome Kerviel's deals late last year, a Paris prosecutor said, piling pressure on the French bank to explain why the trades were not discovered earlier.
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French police on Saturday questioned a junior trader blamed for a $7 billion loss at Societe Generale after keeping his superiors in the dark for months about thousands of illicit deals.
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The trader accused of costing French bank Societe Generale $7.2 billion (3.7 billion pound) may yet carve out a new career for himself, judging by Thursday's bidding war for interviews with Nick Leeson, who brought down Barings.
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The trader alleged to have cost French Bank Societe General 4.9 billion euros in unauthorised financial deals was being questioned in police custody Saturday, a judicial source said.