Know how to run

25 Jan 2008 By Edward Hadas

When the French bank discovered the positions built up by rogue trader Jerome Kerviel, they were E1.5bn in the red. By the time the rushed sale was complete, the loss had more than tripled. Selling into a falling market is expensive. But the alternative looked worse.

This content is for Subscribers only

or
If you need assistance please email breakingviews.clientsupport@thomsonreuters.com
 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)

We need you to verify your email address to continue. Please check your email/junk folder for our verification request.

Click here to resend the verification email.