Jérôme Kerviel

Jérôme Kerviel

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Jérôme Kerviel is a former French trader known for his role in one of the largest trading scandals in history, which occurred in 2008. Working for Société Générale, Kerviel was found to have engaged in unauthorized trading that resulted in a loss of approximately €4.9 billion for the bank. His actions were described as reckless and beyond the established risk limits, and he was subsequently convicted of breach of trust and forgery. Kerviel's case sparked significant discussions about risk management in banking and the regulatory environment surrounding financial trading. He has since become a controversial figure, often viewed as both a scapegoat for the failures of the banking system and a symbol of the high-stakes world of finance.

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Jérôme Kerviel is referenced in the context of a significant loss for Société Générale due to his trading activities.

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Neue Zürcher Zeitung·SwitzerlandSwitzerland· 2025-04-09
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