Jérôme Kerviel and the Seven Billion Dollar Loss
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Jérôme Kerviel and the Seven Billion Dollar Loss
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He wasn’t a superstar. He wasn’t from an elite school. He was just one man... but one man who cost Société Générale over SEVEN BILLION dollars.
By exploiting his knowledge of back-office systems, Jérôme Kerviel built hidden positions worth tens of billions. For a while, he made billions. But when the truth emerged in Two Thousand Eight, it became the biggest one-man trading loss in history.
This is the story of Jérôme Kerviel — ambition, recklessness, and the failure of oversight.
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