Police question trader blamed for SocGen losses
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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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French police on Friday questioned a share broker over links to rogue trader Jerome Kerviel, whose 4.8 billion euro (7.1 billion dollar) losses nearly brought Societe Generale bank to its knees, justice officials said.
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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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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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Police raided Friday the Paris headquarters of Societe Generale, which is accusing a rogue trader of losing more than 7.0 billion dollars (4.9 billion euros), the French banking giant said.
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French police searched the apartment of the Societe Generale dealer blamed for running up a $7 billion loss on Friday, but his family said he was a scapegoat for the world's worst rogue trading scandal.
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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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US authorities are probing Societe Generale and events linked to the trading problems that cost the bank $7.19bn.
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PARIS, Feb. 8 -- A French futures trader was jailed Friday while investigations continued into the billions of dollars in losses he is accused of causing at Societe Generale bank.
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A young trader blamed for losses that cost France's Societe Generale more than $7 billion hacked computers and used "several techniques of fraud," the bank said Sunday, as judicial officials said the man would remain in custody a further 24 hours.
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French bank Societe Generale faced tough questions on Friday over how it failed to spot the biggest rogue dealing fraud in history, in which a single young trader triggered a $7 billion loss under the noses of top executives.
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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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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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French police were holding a second person for questioning about the loss of billions at bank Societe Generale, a judicial official said Friday.
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LONDON/PARIS  - Societe Generale's shock disclosure of a fraud that lost it $7 billion has left investors wondering about a link between the fiasco and Monday's European stock market rout.
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PARIS, Jan. 29 -- The 31-year-old trader accused of causing $7.1 billion in losses at France's Societe Generale bank told police investigators that his financial deals were so big that his bosses had to know about them, according to transcripts published Tuesday on two French Web sites.
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French police search the headquarters of Societe Generale, the bank where rogue trading lost huge sums.