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3min chapter
Won't Somebody Please Think of The Traders??
Patrick Boyle On Finance
Introduction
Exploring the unauthorized trading scandal at Societe Generale's delta-1 trading desk in 2008, where rogue trader Jerome Curviel's $50 billion Eurostock futures trades caused a $5.2 billion loss for the bank. The chapter delves into the market repercussions, including emergency actions by the Federal Reserve and the defense strategies in court.
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