Apr 25, 2008
J. Kerviel has committed more than 11 billion in two days
J. Kerviel has committed more than 11 billion in two days- Two days before being discovered the pot-the-roses, and then he pressentait be at an impasse, the former trader of the Company General Jerome Kerviel has committed more than 11 billion euros over the markets, according to an article in the "World". The daily evening asserts that Jean Veil, lawyer for the bank of Defense has poured new coins dossier instruction on the trading loss of 4.9 billion euros caused by the unwinding of 50 billion positions taken by Jerome Kerviel without the knowledge of the firm, according to the latter.
According to documents filed instruction by Jean Veil, lawyer for the bank, Jerome Kerviel bought for 8.15 billion euros in futures, futures on stock indexes of Europe 17 January and 3.09 billion on January 18, the eve of his day layoff.
According to Christophe Reille, communication consultant who serves as spokesman for former trader who was assigned to Reuters: This element is nothing new. " The fact that the trader has taken in two weeks of positions of a total of 50 billion euros was known and recognized by him.
by erectusplus at 10:06 AM |
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