Companies

Jan 24: SocGen - the tell-tale signs of the rogue trader

FT columnist, John Plender, traces the similarities between trading scandals, from the collapse of Barings and the losses at Sumitomo in the 1990s to the E5bn euro fraud at Société Générale. He highlights how the rogue traders had close knowledge of the back office, and hoped to trade their way out of trouble but never succeeded.