Article: A suspicion in France 'that this was inevitable' Culture of risk led Societe Generale to neglect warning signs from trader

Nelson D. Schwartz and Katrin Bennhold The New York Times Media Group
International Herald Tribune
02-06-2008
A suspicion in France 'that this was inevitable' Culture of risk led Societe Generale to neglect warning signs from trader
Byline: Nelson D. Schwartz and Katrin Bennhold The New York Times Media Group
Edition: 1
Section: NEWS

PARIS --

Nicola Clark and James Kanter contributed reporting.

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The first e-mail message arrived in Societe Generale's offices on Nov. 7. The surveillance office at Eurex, one of the biggest European exchanges, alerted a compliance officer at the bank that for seven months a trader named Jerome Kerviel had engaged in not just one but "several transactions" that ...

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