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Trader Apologizes To Staff, Asks For 'Forgiveness'

The Kerviel Twins

Jerome Kerviel has apologized to Societe Generale employees and said he 'never lied' during the investigation into the bank’s $6.1bn trading loss, as his lawyers asked a Paris court to clear him of any wrongdoing on the final day of his hearing.

Bank of England Governor Refuses to Back Bob Diamond

Bank Of England Logo

Sir Mervyn King, governor of the Bank of England, has refused to say Bob Diamond is a "fit and proper" person to run Barclays in a hard-hitting attack on the City culture that allowed banks to deceive customers and give excessive rewards to traders.