Read more Jérôme Kerviel stories on Newserhttp://www.newser.com/taggrid/21551/jerome-kerviel.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 5:30:20 CSThttp://www.newser.com/story/25742/rogue-trader-gets-a-job.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJérôme Kerviel is working once again, despite having cost France’s Société Générale $7.68 billion in unauthorized trading. Released from prison a few weeks ago, the rogue trader is employed as an IT consultant for a French company specializing in networks and security, the Wall Street Journal reports. The gig...http://www.newser.com/story/25742/rogue-trader-gets-a-job.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 26 Apr 2008 14:37:17 CDThttp://www.newser.com/story/24939/socgen-ceo-resigns-over-rogue-trader.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe CEO of Société Générale will step down, at last bowing to pressure in the wake of the $7.8 billion rogue trading scandal. Although investors and politicians—including French President Nicolas Sarkozy—had demanded Daniel Bouton's resignation immediately after the revelation of Jérôme Kerviel's massive fraud, the bank had...http://www.newser.com/story/24939/socgen-ceo-resigns-over-rogue-trader.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 18 Apr 2008 4:59:28 CDThttp://www.newser.com/story/23295/rogue-trader-to-sue-socgen.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe rogue trader whose $7.8 billion in transactions nearly sank Société Générale has filed papers in preparation for a wrongful dismissal lawsuit, the Times of London reports. Jérôme Kerviel will claim the French bank has failed to prove he did anything wrong. He was released on bail last month...http://www.newser.com/story/23295/rogue-trader-to-sue-socgen.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 03 Apr 2008 8:49:27 CDThttp://www.newser.com/story/19646/socgen-posts-record-49b-q4-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSociete Generale's annual profits plummeted a whopping 82% after a record $4.9 billion fourth quarter loss fueled by subprime woes and the actions of rogue trader Jerome Kerviel, reports Bloomberg. France’s second-largest bank today said net income was 947 million euros, compared to 5.22 billion euros in 2006....http://www.newser.com/story/19646/socgen-posts-record-49b-q4-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 21 Feb 2008 9:54:55 CSThttp://www.newser.com/story/19590/socgen-lax-controls-led-to-72b-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagRogue SocGen trader Jerome Kerviel, whose unauthorized deals led to a $7.2 billion loss for the French bank, continued his trading for more than a year after the first warning flag was raised in the department that was supposed to detect risky trading, reports the Wall Street Journal. Kerviel...http://www.newser.com/story/19590/socgen-lax-controls-led-to-72b-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 21 Feb 2008 7:50:00 CSThttp://www.newser.com/story/19445/credit-suisse-cuts-profits-1b-on-trader-errors.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCredit Suisse share prices plummeted 10% today after the bank announced that some traders had overvalued asset-backed securities, prompting the bank to take a $2.85 billion writedown and drop first-quarter profit projections by $1 billion, Bloomberg reports. Switzerland’s second-largest bank suspended the traders and said it would review 2007...http://www.newser.com/story/19445/credit-suisse-cuts-profits-1b-on-trader-errors.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 19 Feb 2008 6:58:26 CSThttp://www.newser.com/story/19139/lawyer-socgen-condoned-traders-deals.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe French trader who lost Société Générale $7.2 billion acted with the tacit support of the banking giant's management, which "condoned" his trades, Jérôme Kerviel's lawyer says. The assertion contradicts executives' claims that Kerviel acted alone. "Jérôme is a smart trader, but not smarter than any other guy at...http://www.newser.com/story/19139/lawyer-socgen-condoned-traders-deals.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 15 Feb 2008 11:26:31 CSThttp://www.newser.com/story/18753/socgen-to-raise-8b-with-discount-shares.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSociete Generale, the French bank hit with a $7 billion loss in a massive trading fraud, will replenish its cash reserves through an $8 billion stock offering at a heavily discounted rate, the company said today. Shares will be priced at €45.50, or 39% off the Feb. 8 closing...http://www.newser.com/story/18753/socgen-to-raise-8b-with-discount-shares.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 11 Feb 2008 8:04:00 CSThttp://www.newser.com/story/18625/traders-alleged-accomplice-released.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAuthorities today released a second suspect in the bank fraud case that cost Société Générale a dizzying $7.09 billion, the Wall Street Journal reports. But the suspect’s ex-colleague, Jerome Kerviel, remains jailed, as the bank and French officials insist he acted alone. Still, prosecutors labeled the second man an...http://www.newser.com/story/18625/traders-alleged-accomplice-released.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 09 Feb 2008 13:31:40 CST