News - Jérôme Kerviel
The French Banking Commission on Friday fined the bank Societe Generale euro 4 million for serious breaches in internal controls revealed by the bank's euro 4.9 billion trading loss.
Business News IN BRIEF *Investigators at Societe Generale said they suspect the former futures trader Jerome Kerviel was helped by an assistant to cover up massive trading positions that led to a multibillion-euro loss.
ValueOptions Inc., a Norfolk-based provider of behavioral health services, said it will oversee mental health and related services in the east and west regions of Tennessee in collaboration with a subsidiary of BlueCross and BlueShield of Tennessee.
A French court agreed Tuesday to release Societe Generale trader Jerome Kerviel, who is accused of losing $7.2 billion in unauthorized trading. Kerviel was arrested shortly after the bank revealed on Jan. 24 that it had lost enormous sums.
By Nicola Clark The French authorities Wednesday took a second employee at the French bank Societe Generale into custody in connection with a trading scandal that the bank said had cost it nearly euro 5 billion.
