Kerviel’s Subprime Conspiracy Theory Aired in SocGen Loss Appeal

Kerviel’s Subprime Conspiracy Theory Aired in SocGen Loss Appeal

Balint Porneczi/Bloomberg

Jerome Kerviel is seeking to win a full dismissal of the case against him by showing the bank knew he took unhedged positions that exceeded limits, and therefore that he didn’t commit a breach of trust by amassing 50 billion euros in European stock index futures.