Rogue trader escapes paying $5.5 billion in damages
Former Société Générale trader Jerome Kerviel has stuck it to the bank again. Big time. A French appeals court on Friday cut the damage award the disgraced rogue trader was ordered to pay to $1.1 million — from $5.5 billion. Yes, billion. The now 39-year former banker had amassed a $56 billion position in hidden...
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