Europe News from WN Network
 
Capitalism in the dock as Kerviel goes on trial
If you want to hide a leaf, find a forest. Jérôme Kerviel, alleged to be the world's biggest rogue trader, will attempt to hide a Euro5bn leaf in a multi-trillion euro forest when he goes on trial in Paris today. Mr Kerviel's defence will be horrendously complex - and very simple. His lawyers will admit that what he did in 2007-8 - to bet more than the value of France's second largest bank on a series of trades on stock exchange futures - was insane. However, they will also argue that his...
Full Story: The Independent
 


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