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| Court orders rogue trader release | |
| (10 minutes later) | |
| A French court has ordered that the former Societe Generale trader, accused of losing billions of euros, be released from custody. | A French court has ordered that the former Societe Generale trader, accused of losing billions of euros, be released from custody. |
| Jerome Kerviel has been held in prison since 8 February, as the investigation into the 5bn euros ($7bn)lost at his former employer continues. | Jerome Kerviel has been held in prison since 8 February, as the investigation into the 5bn euros ($7bn)lost at his former employer continues. |
| Societe Generale says that he used inside knowledge to cover up trades. | Societe Generale says that he used inside knowledge to cover up trades. |
| But an internal report by criticised the bank's oversight of traders, saying that some procedures were lax. | |
| Societe Generale announced the trading losses in late January and shortly after Mr Kerviel turned himself into police. | |
| Prosecutors accused him of breach of trust, fabricating documents and illegally accessing computers. | |
| Last month they won a court order to have Mr Kerviel jailed, arguing that he might undermine the investigation by talking to others caught up in the probe. |