Soc Gen rogue trader Kerviel loses appeal
AFP · 24 Oct 2012, 13:58
Published: 24 Oct 2012 13:58 GMT+02:00
A French court rejected an appeal Wednesday by rogue trader Jérôme Kerviel against the three-year jail term and €4.9 billion fine he got in a fraud case that nearly ruined Société Générale bank.
The Paris court upheld the five-year jail sentence Kerviel got in 2010, two of which were suspended, and confirmed that he was obliged to pay back the billions his gambles cost the bank.
A picture taken on October 9, 2015 shows the facade of the headquarters of the airline company Air France KLM in Paris. Photo: AFP
8 hours ago
Air France resumed negotiations with pilots' unions on Friday for the first time since one of its executives had his shirt torn off by an angry mob after the airline unveiled plans for job cuts.
The Chateau d'Aiguines in southern France. Photo: Sam2907/Flickr
9 hours ago
Some would argue that France is never prettier than in the autumn... and after seeing this set of pictures you might be inclined to agree.
The rise of Airbnb has angered the French hotel industry who say the game is no longer fair. Photo: AFP
11 hours ago
The head of France's hoteliers union (UMIH) has fired a warning to Airbnb telling The Local that the suffering hotel industry will "go hard" after the room sharing website in a bid to level out "unfair competition".
Education in France
Students in Lyon. Photo: AFP
12 hours ago
Classrooms overflowing, a serious lack of funding, and a flailing reputation abroad... what exactly is wrong with France's university system? The Local's Oliver Gee takes a closer look.
Muslim men were much less likely to get called in compared to Catholic men. Photo: Nguyen Vu Hung/Flickr
13 hours ago
A practising Muslim man is four times less likely to get a job interview in France than a Catholic counterpart, according to a study published on Thursday.
A file image of Rafale jets. Photo: AFP
16 hours ago
French warplanes carried out a second wave of strikes overnight on Islamic State targets in Syria, Defence Minister Jean-Yves Le Drian said on Friday.
CCTV footage shows Stone fighting several men in Sacramento. Photo: YouTube/Screenshot
1 day ago
VIDEO: Spencer Stone, one of the three Americans who helped foil a terror attack on a French train, is in hospital in California after he was stabbed while apparently coming to a woman's rescue. A CCTV video has emerged of the stabbing.
Photo: Raul Lieberwirth/Flickr
17 hours ago
An ex-prisoner in France has successfully sued the state for placing him in a cell with smokers, a court in the northwestern town of Caen said on Thursday.
Around 500 French nationals are thought to be in Syria or Iraq. Photo: AFP
17 hours ago
French lawmakers adopted a draft law Thursday that will require minors to have permission from their parents or legal guardians before leaving the country in a bid to curb departures for jihad in Iraq or Syria.
Rubbish piles up in front of a Parisian doorway. Photo: Patrick Auzou/Twitter
1 day ago
Around 3,000 tonnes of (extra) rubbish have accumulated on the streets of Paris as a strike by the city's rubbish collectors enters its fourth day.