Feeds

France's €4.9bn rogue trader gets IT job

Must be good with numbers...

Secure remote control for conventional and virtual desktops

French rogue trader Jerome Kerviel, who cost Société Générale €4.9bn (£3.8bn), has got himself a new job as a computer consultant.

Kerviel was released on bail in mid-March and joined the consultancy in April. Kerviel originally worked in the bank's back office before becoming a trader.

His spokesman told AP: "Jerome is a young man who wants to work, and doesn't want to remain inactive living on unemployment insurance — or whatever." Kerviel is working for LCA consultancy in the Paris suburb of Levallois.

The judge in his case changed the conditions of his bail so he could take the post - he still faces possible charges relating to Société Générale's losses. He is still barred from entering any trading room.

SocGen lost serious credibility as a result of the loss - it was forced into a rights issue to cover the hole in its accounts.

It is also seen as a possible takeover target with both Barclays or Italy's Unicredit named as possible bidders. ®

Beginner's guide to SSL certificates

More from The Register

next story
Holy vintage vehicles! Earliest known official Batmobile goes on sale
Riddle me this: are you prepared to pay US$180k?
Criticism of Uber's journo-Data Analytics plan is an Attack on DIGITAL FREEDOM
First they came for Emil – and I'm damn well SPEAKING OUT
'It is comforting to know where your data centres are.' UK.GOV does NOT
Plus: Anons are 'wannabes', KKK says, before being pwned
'Open source just means big companies can steal your code.' O RLY?
Plus: Flame of the Week returns, for one night only!
NEWSFLASH: It's time to ditch dullard Facebook chums
Everything hot in tech, courtesy of avian anchor Regina Eggbert
Hey, you, PHONE-FACE! Kickstarter in-car mobe mount will EMBED your phone into your MUG
Stick it on the steering wheel and wait for the airbag to fire
Bible THUMP: Good Book beats Darwin to most influential tome title
Folio Society crowns fittest of surviving volumes
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.