SocGen reveals how it was duped in trading scam
43900
French bank Societe Generale defended its handling of the world's biggest trading scandal on Sunday, but admitted its risk systems had failed to detect a 50-billion-euro ($73.3 billion) market bet by a lone trader.
547604
The rogue futures trader who allegedly cost French bank Societe Generale $7.14 billion had been betting on an even larger scale Â with tens of billions in fraudulent deals, the bank said Friday.
459096
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.
217761
PARIS, Jan 26 -- The French trader accused of one of the biggest bank frauds ever surfaced Saturday -- in the custody of police, who were questioning him about bad bets that cost France's No. 2 bank billions of euros.
22576
The biggest rogue trader scandal in history hit Societe Generale on Thursday as the French bank accused a junior employee of a fraud costing $7 billion.
735120
"There's still a feeling of total incomprehension"  Societe Generale came under mounting pressure on Friday to give a full account of how a rogue trader managed to dupe his supervisors and run up a $7 billion loss. via Earth Times
686480
Societe Generale  Chairman  Daniel Bouton told a newspaper the French bank would overcome  its "shock" at having discovered an alleged $7 billion euro  (10.3 billion pound) internal fraud.
80733
Societe Generale came under mounting pressure on Friday to give a full account of how a rogue trader managed to dupe his bosses and run up a $7 billion loss -- while his family said he had been made a scapegoat.
4946
French bank Societe Generale said Thursday it has uncovered a $7.14 billion fraud Â one of history's biggest Â by a single futures trader who fooled investors and overstepped his authority.
440707
Societe Generale files a legal complaint against the trader accused of fraud which led to huge losses at the bank.
534412
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.
138093
â¢ 2008: French bank Societe Generale uncovers an alleged $7.14 billion fraud by a futures trader who fooled investors and overstepped his authority.
260965
PARIS â A transcript of conversations between JÃ©rÃ´me Kerviel, the trader whom SociÃ©tÃ© GÃ©nÃ©rale says cost it nearly 5 billion euros ($7.2 billion), and a broker at one of the bankâs subsidiaries suggests that the second man had an intimate knowledge of Mr. Kervielâs surreptitious trading and that Mr. Kerviel was well aware of the gravity of his actions.
399736
Embattled French bank Societe Generale faces fresh troubles Monday when a trial opens in Paris involving a vast money laundering scam between France and Israel.
77556
Societe Generale was warned about alleged rogue trader Jerome Kerviel last year, a prosecutor says.
433451
French bank says family problems and mental fragility led its rogue trader to squander â¬4.9bn
377260
The French government demanded a full accounting Friday of how a rogue trader at Societe Generale managed to lose 7.0 billion dollars, as it emerged he gambled on over 73 billion dollars -- more than the bank's current value.