Definition of 'Jerome Kerviel'
Kerviel worked for Société Générale, a French bank, from 2000 to 2008. In 2007, he began making unauthorized trades that earned him large profits. However, the bank lost money on these trades when the market crashed in 2008. Kerviel was eventually caught and fired from Société Générale.
The case of Jerome Kerviel has been the subject of much debate. Some people believe that he was a scapegoat for the financial crisis, while others believe that he was responsible for his own actions. Kerviel himself has said that he was trying to expose the flaws in the financial system.
The case of Jerome Kerviel has raised important questions about the role of traders in the financial system. It has also highlighted the need for greater regulation of the financial industry.
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