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Société Générale

SocGen rogue trader ‘hit jackpot’ on London terror strikes

By Scheherazade Daneshkhu in Paris

Published: January 22 2009 20:26 | Last updated: January 22 2009 20:26

Jérôme Kerviel, the rogue trader blamed by France’s second biggest bank for a record €4.9bn loss a year ago, said he hit the “jackpot” on July 7, 2005 – the day of terror strikes in London.

Mr Kerviel told Le Parisien newspaper he had bet on a fall in the share price of Allianz, the insurer, days before the bombings, which killed 52 people. When news of the attacks emerged, shares in insurance companies fell.

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