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Entries tagged "Jerome Kerviel"He's baaack: SocGen 'Rogue Trader' to stand trialJerome Kerviel, aka 'The Rogue Trader,' has been ordered to stand trial for making large-scale, irregular bets on the derivatives market that lost the French bank $7.2 billion. Hiring: Societe GeneraleGood news for bankers looking for a job. There is at least one investment bank hiring. The bad news is that you have to speak French. ... Roll Call: Kerviel's new gigEveryone's favorite rogue trader Jerome Kerviel started his new job Monday working as a trainee at Lemaire Consultants & Associates, a computer consulting firm, according to the International Herald Tribune. Kerviel's trades were blamed for Societe Generale SA's $7.72 billion in losses. - Maria WoehrSee Dealscape: Jerome Kerviel's new jobSee Dealscape: SocGen trader's resume... Jerome Kerviel's new jobThat's right. Everyone's favorite ex-Societe Generale SA trader has a new job. Jerome Kerviel is apparently working for Jean-Raymond Lemaire (see his LinkedIn profile), an information technology executive at LCA, a software company, according to Le Point, a French magazine. Lemaire specified that Kerviel is not working for his software company. No word on what he is doing for Lemaire just yet. Societe Generale pinned $7.72 billion in losses to Kerviel's handiwork as a junior trader gone rogue. Lemaire, beware, we hope you are not letting him manage your accounts. - Maria WoehrJean-Raymond Lemaire's bio and company home page (Make... Kerviel may file Kafkaesque challenge to SocGen dismissalIf the news had broken on April 1, we would have written it off as a prank, but The Times of London is reporting -- two days too late for April Fools' -- that Jérôme Kerviel, the futures trader whose unauthorized trades cost Société Générale SA €5 billion ($7.8 billion), is planning on suing his former employer for unfair dismissal. ... Jerome Kerviel bankrupted an Idaho ski resort?The rogue French trader Jerome Kerviel may have never been to Tamarack Resort in Donnelly, Idaho, but its parent, VPG Investments Inc., is blaming him for its Chapter 11 bankruptcy filing, notes the Idaho Statesman. ... SocGen report: One rotten rogue, many time serversThe long-awaited preliminary independent directors report on the Societe Generale SA trading scandal is out, and from the newspaper reports it's about as enlightening as a dark room. Reading the various stories suggests a) Jerome Kerviel worked alone beginning in late 2005, b) he seemed to have no co-conspirators because he was so tricky, and c) back office folks did their jobs but showed no curiosity as to what he was up to. OK, if we accept that conclusion, then SocGen must be the dumbest bank on earth, and that's saying something these days. And it raises the question of... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Jerome Kerviel." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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