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French Court Drops $7B In Penalties For Ex-SocGen Trader

By Dan Ivers (March 19, 2014, 1:04 PM EDT) -- France's top appeals court on Wednesday upheld a three-year prison sentence for Jerome Kerviel, the ex-Societe Generale trader whose high-risk moves brought the French bank to the brink of collapse in 2008, but reversed €4.9 billion ($6.83 billion) in civil penalties. ...

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