Word: trader
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...about 225,000 residents in suburban St. Tammany Parish, left many affluent fans unable to watch their team. To add to the Hornets' hard luck, the cash-strapped team was set to receive a much-needed $47 million loan from Societe Generale, the French bank that employed a rogue trader who just cost the firm a cool $7 billion. The bank has shut down its U.S. sports lending practice, though Hornets president Hugh Weber insists Societe Generale assured him the deal will go through...
...didn't say anything about our trades, did you? Otherwise you're dead meat.' Jerome Kerviel, rogue Société Générale trader, talking with a broker in an Oct. 11 online chat about risky trades that are believed to have cost the bank $7.2 billion...
...didn't say anything about our trades, did you? Otherwise you're dead meat.' JEROME KERVIEL, rogue Société Générale trader, talking with a broker in an Oct. 11 online chat about risky trades that are believed to have cost the bank $7.2 billion...
...system.†That was just the tip of the iceberg. The popular French daily Le Monde addressed Kerviel as a “hero of our time†on February 2nd, and that same day, Le Figaro revealed that only 13 percent of people believed the trader was responsible for the scandal. Thousands joined his fan group on Facebook and, to top it all, the National Observateur called him the “Che Guevara of Finance...
...unnoticed trader thus became a romantic dragon-slayer. A few days ago, he told Agence France Presse, “I never had any personal ambition in this affair. The aim was to earn money for the bank…You lose your sense of the sums involved when you are in this kind of work.…You get a bit carried away...