Thursday, May 10, 2012

What's with the French Traders!!


  • Jérôme Kerviel, born 11 January 1977,  French trader who has a pending appeal of his conviction in the January 2008 Société Générale trading loss incident for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at 4.9 billion.
  • Fabrice Tourre, Fabulous Fab, French born, is a Goldman Sachs Vice President who was charged with securities fraud by the SEC on April 16th 2010. The SEC claims that he had misrepresented facts while selling CDOs to investors.
  • Bruno Iksil, a London-based JPMorgan trader. It was Mr. Iksil, a French-born trader who is part of the chief investment office, who acquired the credit-default swaps that led to the $2 billion trading loss disclosed on Thursday.