News

French police have identified the man arrested for shooting a newspaper assistant photographer and carrying out three other attacks.

Tight-lipped Lloyds is frustrating the City

Lloyds Banking Group yesterday reaffirmed its pledge to turn a profit for the year, but spooked some analysts with cautious comments and caused frustration with the lack hard information it was prepared to give.

Adrian Hamilton: You can't blame it all on a rogue trader

If you thought that Britain was adept at putting the blame for disaster down the line and never up it, you should look across the Channel. The Paris trial of the rogue trader Jérôme Kerviel for nearly bringing Société Générale down with €4.9bn losses on unauthorised trades ended as you would have expected, with the full majesty of the French law being brought down on the little man.

Rogue trader: €5bn fine is like 'being clubbed'

The disgraced investment banker Jérôme Kerviel spoke for the first time last night about his tough sentencing in history's biggest rogue trading scandal, insisting was he had been made a scapegoat for his former employer and comparing the penalty to being "hit on the head with a club".

€4.9bn fine for man who (almost) broke the bank

Rogue trader made to 'pay for sins of financial world', says lawyer

Business Diary: Fraser comment is a no-brainer

No doubt Stuart Fraser, abigwig in the City of London Corporation, felt he was among friends when speaking at a Conservative Party conference fringe meeting about the Cityyesterday. Still, it may not have been entirely wise to begin a defence of bankers' bonuses thus: "When God gave out brains, he didn't give them all out equally, and so we have to live in an unequal society."Naturally, his remarks are now doing the rounds of theblogosphere.

James Moore: Step forward Jerome Kerviel, court jester of casino capitalism

Outlook Jérôme Kerviel seems to have become a sort of white-collar Raoul Moat. Like the latter, the French rogue trader has been all but lionised for a series of frankly contemptible acts. Now it's true that unlike the execrable Moat, Kerviel didn't kill anyone. No, he just burnt his way through a staggering €5bn of other people's money, almost bringing down Société Générale and everyone who sailed within her.

French rogue trader Jerome Kerviel found guilty of fraud

Former Societe Generale trader Jerome Kerviel was convicted on all counts today in one of history's biggest trading frauds, sentenced to three years in jail and ordered to pay the bank a mind-numbing €4.9bn (£4.25bn) in damages.

Market Report: Trading hopes underpin gains in Marks & Spencer

Marks & Spencer was among the gainers as the FTSE 100 endured a volatile session last night.

Indian courts close Vedanta copper smelter

Vedanta Resources, the Indian mining company that in recent years has been widely condemned for its human rights and environmental record, suffered another blow yesterday when the high court in Madras ordered a subsidiary of the group to close the world's ninth-biggest copper smelter on environmental grounds.

SocGen fined £1.5m for poor reporting

The City watchdog has handed Société Générale, the victim of France's largest ever rogue trading scandal two years ago, a fine of £1.5m after it failed to accurately report millions of trades.

Who really masterminded France's crime of the century?

'I was real brains behind Nice bank heist, not Spaggiari’, claims ‘Amigo’ in new book

David Prosser: The reprieve for Messrs Thiam and McGrath may only be temporary

Outlook Better than expected financial performance, a dividend hike and a reduction in the bill for the aborted purchase of AIG's Asian assets. Surely Prudential's management have done enough to silence those investors who have been calling for their heads since the humiliating failure to seal the AIG deal?

Profits up at SocGen and StanChart

Standard Chartered and France's Société Générale joined the list of banks posting better than expected results yesterday, although both warned that the outlook remained uncertain.

Market Report: British Land tries to build on its financial advantages

British Land was in the spotlight last night as analysts argued that the property group was well placed to stand firm in an environment where bank financing remains a fraught topic.

General Marcel Bigeard: Soldier who served in three conflicts and became an expert on counter-insurgency

General Marcel Bigeard was one of France's most adored and decorated military commanders and was a veteran of three wars who became the doyen of counter-insurgency. A veteran of the Second World War, France's colonial wars in Indo-China and Algeria, Bigeard rose up from the lowest rank to become a four-star general. Much to the annoyance of the top brass, he was loved by the troops and gained a reputation as a tough, no-nonsense commander who led by example, being wounded on five occasions and escaping captivity three times. A 1958 profile of him in Time magazine captured his tough-as-nails persona: "A martinet, but the idol of his men, Bigeard whipped them into shape by running them as much as 15 miles at a time. He made them shave every day, no matter where they were, doled out raw onions instead of the traditional wine ration because 'wine reduces stamina.'"

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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

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