adrian ck ooi 黄聪琪, 手机:(604)0164018377, welcome selamat datang 欢迎 to my blog!

French banking giant Societe Generale said Thursday a single trader who fooled his bosses carried out a massive 4.9 billion euro (7.15 billion dollar) fraud -- one of the biggest in financial history.

 

The bank said the losses cut its 2007 profit to 600-800 million euros from 5.2 billion euros in 2006 and that it needed a capital increase of 5.5 billion euros to restore its balance sheet.

 

Kerviel, who earned less than 100,000 euros per year, allegedly built up the huge losses dealing in derivatives tradings.

 

http://news.my.msn.com/topstories/article.aspx?cp-documentid=1206500

 

         ooia @ pg copied from msn 25/01/2008