[lbo-talk] Traders puzzle over SocGen fraud explanation

uvj at vsnl.com uvj at vsnl.com
Fri Feb 15 18:16:09 PST 2008


Reuters.com

Traders puzzle over SocGen fraud explanation http://www.reuters.com/article/ousiv/idUKHKG8984420080128?sp=true

Mon Jan 28, 2008

By Tom Miles

HONG KONG (Reuters) - Incredulous equity traders said on Monday they wanted a better explanation from Societe Generale for how a single rogue trader managed to build up a $73 billion position and cause the French bank to lose $7 billion. http://www.reuters.com/article/ousiv/idUKHKG8984420080128?sp=true



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