French bank Societe Generale has revealed a massive fraud today by a Paris-based trader, amounting to 4.9 billion euros ($7.1 billion; £3.7 billion).The loss is likely to be the biggest ever perpetuated by a single trader, and is four times bigger than that perpetuated by Nick Leeson, which brought down Barings Bank in 1995.Societe Generale [...]
More: Massive fraud hits French bank Societe Generale