Thursday, January 24, 2008

€5bn bank trading fraud

This is going to have repercussions in Europe.
The French bank Société Générale stunned financial markets today by revealing that it had been the victim of a near-€5 billion (£3.7 billion) rogue trading fraud, one of the world's largest and four times the size of the cover-up by Nick Leeson, the man who sank Barings. Read More.

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