男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

   

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
主站蜘蛛池模板: 江口县| 井陉县| 米易县| 阳东县| 个旧市| 焦作市| 新龙县| 外汇| 宁夏| 定襄县| 嵩明县| 盐亭县| 兰州市| 洞头县| 含山县| 兴安县| 五家渠市| 红桥区| 井冈山市| 卢氏县| 昭通市| 新宾| 共和县| 日照市| 土默特右旗| 唐山市| 盐津县| 铜川市| 稻城县| 沾化县| 青冈县| 安岳县| 海南省| 阳春市| 枞阳县| 梅河口市| 江阴市| 保山市| 德兴市| 余干县| 随州市|