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French Inquiry: Bank's Inaction Grows an Issue.
- Source :
-
New York Times . 1/29/2008, Vol. 157 Issue 54204, pA1-A12. 2p. - Publication Year :
- 2008
-
Abstract
- The article reports that the French bank Societe Generale is under increased scrutiny regarding the undocumented stock trades by former employee Jerome Kerviel that resulted in over $7 billion in losses. Kerviel told prosecutors his fictitious trades began in 2005, a year earlier than the bank had stated. This raised questions as to how Kerviel operated without detection. There have been calls for the bank's Chief Executive Officer, Daniel Bouton, to resign.
- Subjects :
- *BANK management
*BANK fraud
*COMMERCE
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 157
- Issue :
- 54204
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 28651410