Zabava pri Société Générale

| 24. januar 2008 | Svet | Jure

Ups…

A rogue trader has cost French bank Société Générale €4.9bn (£3.7bn) in the biggest fraud in financial history.

News of the fraud, which will virtually wipe out 2007 profits at France’s second-largest bank, sent shockwaves through European markets, already battered by the escalating credit crisis.

SocGen also revealed that it is being forced to make further write-downs of €2bn relating to the credit crisis and said it would be forced to raise €5.5bn in fresh capital to strengthen its balance-sheet.

The bank gave few details about the unnamed trader, who has already been dubbed “the French Nick Leeson”. Reports from Paris suggested he is in his early 30s and earned around £75,000 a year. Več