Jérôme Kerviel is a future trader at the finance service bank Société Générale in France an lost on monday 4,9 billion Euro what are about 7, 1 billion US Dollar. Future Trading is like betting on the Wall Street and he had a very bad day. Jérôme Kerviel was in the Controlling Office at Société Générale and found a way to not get controlled himself. Usually nobody alone is allowed to trade with such big money but he hacked the system or there was an error in the system.

Some people even think that Jérôme Kerviel was the starting piont in the Wall Street Fall on Monday. This is really funny because he would be the reason the Bank of America changed the rates. Shure Jérôme Kerviel will be written in every historybook of finance for loosing the highest amount in history.

7,1 billion are not peanuts, this is money!

This entry was posted on Saturday, January 26th, 2008 at 13:49 and is filed under side Topics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.