SocGen Boss Says 75 Missed Trading Alerts 'Not Unusual'
More in BUSINESS NEWS
back-up- An Incredible League Table - The Credit Crunch In Context
- More Job Loss News
- Investment Banks Likely To Merge
- Salesmen Aren't Paid To Ask Too Many Questions
- 25 Year-Old Beauty Ditches Once-Rich Banker
- Click Here To Register For Free News E-Mail Alerts
- Best Individual Recruitment Consultant Poll - Current Top 30
- Best Contingency Recruitment Firm Poll Latest
- And The Best Onsite Recruitment Team Is...........
- Featured Recruiter - Martin Ward Anderson
- Top Firm Said Likely To Cut 4,000 Investment Bankers
- Top Firm To Cull Over 50% In Some Fixed Income Businesses
- Q1 Profits - The Winners & The Losers
- The Latest Market News
- Is Your Partner Driving You Crazy ? If So, Sky One Wants You
- Here Is The City 5-A-Side Soccer - It's A Sell-Out!
- Joy & Pain - Latest Job Loss News
- Barmy Bureaucrats To Bash Banker Bonuses
- Top Firm Turnaround Described As 'Impossible Feat'
- Layoffs - The Definitive Job Loss League Table
- 40,000 Job Losses At Merrill Lynch - Not!
- Citi To Merge
- Goldman Said Trying To Hush-Up Further Layoffs
- Another Classic Resignation E-Mail
- Why I Got Fired.....
- Latest Other News In Brief
- A Nasty Business - Your Comments
- Hedge Fund Entrance Exam (Friday Funny)
- 'I Got Laid Off & It Hurt Like H.ll'
- Laid Off - And Mad As H.ll!
- My Husband Got Laid Off, Now MY Life Is H.ll!
- Traders & Salesmen - Cut Them & They Bleed Too
- His Phone Rang & We Knew He Was Toast
- I Lost My Firm Billions & I'm Sorry
- Open Letter From A JPMorgan Employee
- Open Letter From A Bear Stearns Staffer
- A Nasty Business - An Open Letter From A Back Office Professional
- The 2008 Here Is The City Online Financial Markets Awards
- 2008 Bonuses Said Likely To Be WAY Down
- The Troops Are Revolting - Pressure On Firm Boss
- Traders On A Train With Boris Johnson
- Bear, Fidelity, Merrill, Standard Chartered, UBS, SEC
- Ever Wanted To Be A Trader ? Now's Your Chance
- Channel 4 News Wants To Talk To You (In Confidence)
- We Want Your Press Releases
- Geriatric Bun-Fight - Feud At Top Firm
- Top Firm Posts First Loss In 25 Years
- Top People - News & Views
- Job Losses League Table - Updated
- Thousands Of Job Losses Expected At 4 Other Big Firms
Related Content
- The Official Internal SocGen Rogue Trader Report (21/02/2008)
- Citi, HSBC, JPMorgan, Merrill, Morgan Stanley, SocGen (10/04/2008)
- Top Boss Pay Again In The Spotlight (09/03/2008)
- No Bonus For Top Boss - But He Still Bags $216m! (14/03/2008)
- The Troops Are Revolting - Pressure On Firm Boss (09/05/2008)
- Top Boss Says That Comp Structures No Longer 'Untouchable' (04/03/2008)
It was revealed this week that, between June 2006 and January 2008, 75 red flags were raised about Kerviel's activities by various product controllers, compliance professionals, risk officers and outside parties.
In the meantime, the search goes on for the mysterious 'Mat', said to be a London-based broker who is thought to have had some contact with Kerviel. Investigators remain undecided about whether he actually exists, although he is said to have been referred to by Kerviel in e-mails. Bouton, however, says that he doesn't expect many more surprises in connection with this saga. He said this we that 'we are in a zone of uncertainty that is minimal'.
Finally, The Wall Street Journal reports that a spoof analyst is having fun by gatecrashing the earnings calls of some of America's largest corporations. The guy is simply talking analyst speak (he said to Molson Coors Brewing CEO Leo Kiely, 'congratulations on the solid numbers - you always seem to come through in challenging times'). Pepsi is said to have also be caught out. The analyst claims he is Joe Herrick of Gutterman Research. Real analysts wonder what he is getting from his escapades. Our thanks to Wall Street Folly for pointing out this item.
