Financial detective in French: how the bank lost five billion euros ...

... and was unable to fire the employee who was to blame. 





Author: Artyom Nalivaiko.





There is such a wonderful French bank - Societe Generale. More precisely, not even a bank, but a financial group, but not the essence. Every year, the bank's board sends a letter to the employees with a short story about the results of the year. Events, history, management are changing. Only one name has remained unchanged for many years.





"This year, Societe Generale is close to closing the losses caused by the actions of Jerome Kerviel."





SG Towers in Paris
SG

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Jerome Kerviel looks surprised and displeased

« Societe Generale , : -, , . , , . 4,9 » -  -, 24 2008 .





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– . . , . 2008 , « Societe Generale» , . , . - SG – 5 (!) .





Jerome Kerviel and the police

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, Societe Generale 150 000 300 000 . , .





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Societe Generale Bank Office
Societe Generale

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The whole point of the problem with the cat

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Kerviel presents her own book

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  • Lehman Brothers - , 2008 .





  • "Fraudulent trading", "rogue-trading"  - carrying out unauthorized (by the employer) transactions, as a result of which the trader assumes unnecessary risk bypassing the bank's practices. One of the two "great sins" of the trader along with insider trading. It is often gambling rather than trading.





A more complete list of "trader's" losses: there are also Russian companies! ( Https://en.wikipedia.org/wiki/List_of_trading_losses )





Author: Artyom Nalivaiko





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