国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

French bank says trader hacked computers

(Agencies)
Updated: 2008-01-28 07:03

PARIS - Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion - more than the French bank's market worth on European markets hacked computers and "combined several fraudulent methods" to cover his tracks, causing billions in losses.


The head of the financial section of the Paris prosecutor's office, Jean-Michel Aldebert, foreground, arrives at the Financial Police headquarters, Sunday, Jan. 27, 2008 in Paris. Aldebert said Sunday the questioning of Jerome Kerviel, a trader implicated in a massive bank fraud case, was proving 'extremely fruitful'. [Agencies] 

The bank says the trader, Jerome Kerviel, did not appear to have profited personally from the transactions and seemingly worked alone - a version reiterated Sunday by Jean-Pierre Mustier, chief executive of the bank's corporate and investment banking arm.

But, in a conference call with reporters, Mustier added: "I cannot guarantee to you 100 percent that there was no complicity."

Kerviel's lawyer said the accusations of wrongdoing against his client were being used to hide bad investments by the bank related to subprime mortgages in the United States.

"He didn't steal anything, take anything, he didn't take any profit for himself," the lawyer, Christian Charriere-Bournazel, told The Associated Press by telephone. "The suspicion on Kerviel allows the considerable losses that the bank made on subprimes to be hidden."

Officials said Kerviel was cooperating with police, who held him for a second day of questioning Sunday, seeking answers to what, if confirmed, would be the biggest-ever trading fraud by a single person.

The questioning was "going very well and the investigation led by the specialists of the financial police is extremely fruitful," said Jean-Michel Aldebert, head of the financial section of the Paris prosecutor's office.

Kerviel was giving "very interesting" explanations, Aldebert added. "From what he told me, he was fine psychologically." He refused to say whether Kerviel might face preliminary charges.

Kerviel, 31, has not been seen in public since the bank's bombshell revelation Thursday that his unauthorized trades resulted in 4.9 billion euros ($7.1 billion) in losses.

Even before his massive alleged fraud came to light, Kerviel had apparently triggered occasional alarms at Societe Generale - France's second-largest bank with his trading, but not to a degree that led managers to investigate further.

"Our controls basically identified from time to time problems with this trader's portfolio," Mustier said.

But Kerviel explained away the red flags as trading mistakes, Mustier added.

"The trade was canceled, there was no specific follow-up to do," he said. "From our understanding today, the number of mistakes was not higher than (for) any other trader, so from our understanding that was not a reason to ring a bell."

Kerviel's lawyer said the trader made money for the bank through 2007 and has since been "thrown to the wolves of public opinion."

   1 2 3   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
新河县| 微山县| 且末县| 临城县| 静乐县| 永善县| 河池市| 永宁县| 南阳市| 常熟市| 泽普县| 南乐县| 滦平县| 德保县| 鸡西市| 凤冈县| 梅河口市| 新竹县| 南漳县| 木里| 无棣县| 都兰县| 友谊县| 成都市| 阿合奇县| 永福县| 绥德县| 永定县| 万山特区| 辽源市| 衡东县| 元谋县| 娱乐| 含山县| 广元市| 潞西市| 民丰县| 洮南市| 方正县| 赣榆县| 建湖县|