More time for French trader quiz
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French police get a further 24 hours to question trader Jerome Kervel, at the centre of a suspected massive fraud.
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A second trader suspected of involvement in the multi-billion dollar losses at Societe Generale bank was taken Saturday for questioning by judges.
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PARIS, Jan 26 -- The French trader accused of one of the biggest bank frauds ever surfaced Saturday -- in the custody of police, who were questioning him about bad bets that cost France's No. 2 bank billions of euros.
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A Paris broker was due to appear before an investigating judge on Saturday as part of a widening probe into the rogue trading scandal at French bank Societe Generale , sources close to the inquiry said.
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A month after its unpopular price hikes, the auction site seeks to smooth some ruffled business feathers. Also: Kuwait blocks radical websites to combat terrorism.... Google loses a legal round in France.... and more.
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Teck Cominco Ltd. (TCKb.TO) on Friday  extended the deadline for its hostile bid for fellow Canadian  miner Inco Ltd. , as it waits to see if Swiss-based  Xstrata Plc  gets Falconbridge Ltd. .
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PARIS, Jan. 29 -- The 31-year-old trader accused of causing $7.1 billion in losses at France's Societe Generale bank told police investigators that his financial deals were so big that his bosses had to know about them, according to transcripts published Tuesday on two French Web sites.
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Business & money: Â· Doubt cast on SocGen claim of single perpetratorÂ· Employee of financial services firm is held
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Financial police in Paris were to question a trader who caused a $7.2 billion loss at SociÃ©tÃ© GÃ©nÃ©rale, officials said.
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A Paris prosecutor on Monday asked for preliminary charges of forgery, breach of trust and fraud to be filed against a trader accused by Societe Generale bank of causing what could be history's largest trading fraud by a single person.
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Investors will need to wait another day to get a clear picture on price increases.
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French police had a second trader in custody Friday in their probe of trades that led to massive losses at bank Societe Generale, respected daily Le Monde reported.
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The French parliament is to debate a bill that would ease the 35-hour working week rules.
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Â· Special retirement terms for state workers targetedÂ· French president begins talks with unions today
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French police were questioning a second trader about whether he knew of trades that led to billions in losses at bank SociÃ©tÃ© GÃ©nÃ©rale, according to a newspaper report.
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Developer turned gambler drops French bank in $7.2bn hole The apparent ease with which a former software developer turned rogue trader was able to sink France's second-biggest bank into a â¬4.9bn ($7.2bn) hole has sparked questions about the effectiveness of risk analysis systems.â¦
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Brown to meet for talks with French, Italian and German counterparts after another frantic day of trading in global markets