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May 27, 2008

SocGen's alleged rogue trader does a photo shoot

The conversion of Societe Generale's Jerome Kerviel into a Nick Leesonesque celebrity is well along. Even as SocGen's shareholders booed Chairman Daniel Bouton at today's annual meeting and called the banking company "a casino," Kerviel posed for pictures in a nice suit and tie at a separate location. Reuters story here.

Reuters Photo: Former Societe Generale junior trader Jerome Kerviel walks in the streets of the Paris suburb of Neuilly during an exclusive photo session May 27, 2008 on the same day as shareholders angrily quiz the French bank's management at their annual general meeting over $7.7 billion of losses which the bank blames on unauthorized stock markets bets by Kerviel.

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter