Media scrum at ‘rogue trader’ trial
French “rogue trader” Jerome Kerviel goes on trial over multi-billion dollar bank loss.
Published On 8 Jun 2010
The trial of Jerome Kerviel, the alleged “rogue trader” who is accused of unauthorised deals that cost Societe Generale, the French bank, $5.85bn has started in Paris.
Kerviel, 33, became the face of the global financial crisis after he was blamed for what is considered to be the biggest ever trading-room-floor loss in 2008.
The former trader, who faces a maximum sentence of five years in prison and a fine of $450,000, was met by a media scrum when arrived at court in the French capital.
Barbara Serra reports from Paris.
Source: Al Jazeera