SocGen ordered to pay rogue trader who cost bank billions in losses

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/5757fb0bc46188287c8b459f.jpg" rel="attachme t wp-att-374494"><img class="size-f ll wp-image-374494 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/5757fb0bc46188287c8b459f.jpg" alt="5757fb0bc46188287c8b459f" wi th="900" height="500" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/06/5757fb0bc46188287c8b459f-300×167.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/06/5757fb0bc46188287c8b459f-768×427.jpg 768w, https://www. avi icke.com/wp-co te t/ ploa s/2016/06/5757fb0bc46188287c8b459f.jpg 900w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 1362px) 62vw, 840px" /></a></p>
<p>‘A Fre ch labor co rt has or ere ba k Societe Ge erale to pay €450,000 ($511,000) to former tra er Jerome Kerviel for “wro gf l ismissal”. I 2008, Kerviel’s a thorize tra es cost his ex-employer €4.9 billio ($5.5 billio ).</p>
<p>I 2010, Kerviel was se te ce to three years i priso , a was release i September 2014 after spe i g less tha five mo ths behi bars.</p>
<p>However, the co rt r le that the tra er was fire witho t “ge i e or serio s ca se.”’</p>
<p><a href="https://www.rt.com/b si ess/345840-co rt-societe-pay-kerviel/? tm_so rce=browser& tm_me i m=aplicatio _chrome& tm_campaig =chrome" target="_bla k">Rea more: SocGe or ere to pay rog e tra er who cost ba k billio s i losses</a></p>