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How to Lose $7.2 Billion: A Trader's Tale.

Authors :
Gauthier-Villars, David
Mollenkamp, Carrick
Meichtry, Stacey
MacDonald, Alistair
Kahn, Gabriel
Higgins, Andrew
Galloni, Alessandra
Colchester, Max
Source :
Wall Street Journal - Eastern Edition. 2/2/2008, Vol. 251 Issue 27, pA1-A7. 2p.
Publication Year :
2008

Abstract

The article details the illicit activities of junior futures trader Jérôme Kerviel leading up to his record-breaking losses for his employer, French bank Société Générale. His practice of taking large unauthorized bets and covering them up with fictitious transactions is discussed.

Details

Language :
English
ISSN :
00999660
Volume :
251
Issue :
27
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
28780518