Kerviel Bill Cut to $1 Million From $5.5 Billion by Judges

Updated on
  • Disgraced banker was behind 4.9 billion-euro trading loss
  • Court says SocGen bears responsibility; tax break in jeopardy

French judges said Jerome Kerviel must pay Societe Generale SA 1 million euros ($1.1 million), a fraction of the initial 4.9 billion-euro trading loss he caused more than eight years ago.

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