Jérôme Kerviel Jérôme Kerviel Jérôme Kerviel (; born 1977) is a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Société Générale characterizes Kerviel as a rogue trader and claims Kerviel worked these trades alone and without its authorization. These assertions have been met with skepticism by some of Kerviel's former colleagues and acquaintances, as well as by some members of the news media. Kerviel had told investigators that his trading behavior was widespread at the company and that making
UBS tax evasion controversies UBS-controlled offshore assets to evade taxes. The bankers had the intention of directing their French clients assets to UBS's Switzerland operation, rather than keeping the money in France. Arrest warrants were issued for three former UBS France employees in January 2015 after they failed to appear before French magistrates leading the investigation. UBS faces fines of up to five billion euros for its alleged role in tax fraud, according to the French newspaper "Le Temps". In July 2014, the bank was required to post a bond of 1.1 billion euros, which UBS complied with while making multiple appeals in the