French Trader Who Lost $7 Billion Talks to Police

Jerome Kerviel, the rogue French trader who allegedly lost billions for one of the world's largest banks, is reportedly now talking to French authorities at a police station in Paris. Kerviel single-handedly broke Societe General earlier this week by making bad stock market bets at a loss of $7.14 billion, and gambling tens of billions of dollars more of the bank's money, according to officials. Since news broke of the financial scandal, which helped send the banking sector into a tailspin on...Full Story
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