A FRENCH banking disaster?
Société Générale, France’s second-biggest bank, has revealed that one of its traders in Paris had committed a 5bn euro (£3.6bn/$7.1bn) fraud.
A list of recent monster banking frauds.
Posted: 24th, January 2008 | In: Money, Twitterings Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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January 24th, 2008 at 11:38 pm
One more French banking disaster. No harm : we, the taxpayers, will pay, as usual. A lot will be said, nothing will be done. The bank and its executives will be flourishing after a little while thanks to the public money. C’est la vie.
January 24th, 2008 at 8:35 pm
It takes remarkable ability to lose that amount of money on plain vanilla transactions.
Thank god he didn’t get involved in chocolate…