Rogue Trader Jerome Kerviel’s Defence: The Insanity of The Global Banking Culture

“No doubt I committed errors,” he wrote. “I overrode the usual methods, loaded false data to disguise gains, as well as losses. In a word, I pushed the system to its limit… But [what] was happening around me? [A] giant fraud perpetrated by all the trading floors in the world. To get good results, any [...] continue reading world news