PARIS (AP) — Investigators at Societe Generale said yesterday they suspect a former futures trader had help as he tried to cover up unauthorized positions that led to billions in losses at the French bank.
In two long-awaited reports, the investigators said the French bank's management failures and culture of risk-taking were partly to blame for failing to uncover the purported fraud, which led to a loss of more than $7 billion.
To see the full story click here.
.JPG)
