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SocGen 'rogue trader' Kerviel heading for jail

Unhappy Face

Jerome Kerviel, the former Societe Generale trader who brought the bank to the brink of collapse in 2008 by placing bets worth $69.5 billion has been sentenced to at least three years in jail but will shed the title of 'most indebted man on earth' after six years of legal battles.

Swiss bankers beware

Justice Scales

U.S. Senators Carl Levin and John McCain have urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.