Nick Leeson Video
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| Jerome Kerviel Crushes Bank Societe Generale (Part4) | More videos |
4.9 billion euros ($7.16 billion) and announced plans to raise 5.5 billion euros through a capital increase to shore up its balance sheet, also reeling from a crisis in global credit markets. The fraud disclosure brought back memories of Nick Leeson, the British trader who in 1995 brought down blue-blooded merchant bank Barings after racking up huge losses. SocGen said it was in the process of dismissing the Paris-based trader, who it did not name, and added that the trader's managers ... | |
