Sunday, January 27, 2008

SocGen trader questioned for second day (Reuters)



A man, whom French media are identifying as Societe Generale employee Jerome Kerviel, is seen in this undated photo. The trader at the heart of an alleged 4.9 billion euros ($7.1 billion) fraud at French bank Societe Generale has been identified as Kerviel, three sources within the company said on January 24, 2008. (Handout/Reuters)Reuters - 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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