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| SocGen trader 'may have had help' | SocGen trader 'may have had help' |
| (10 minutes later) | |
| The rogue trader at the heart of a multi-billion euro scandal at French bank Societe Generale may have had help from a colleague, a report has said. | The rogue trader at the heart of a multi-billion euro scandal at French bank Societe Generale may have had help from a colleague, a report has said. |
| Another trader could have assisted suspect Jerome Kerviel according to an internal investigation at the firm. | Another trader could have assisted suspect Jerome Kerviel according to an internal investigation at the firm. |
| Rogue trades discovered earlier this year cost the firm 4.9bn euros ($7.7bn; £3.9bn) and led to an 82% fall in its profits last year. | |
| Preliminary findings had suggested that Mr Kerviel had acted alone. | Preliminary findings had suggested that Mr Kerviel had acted alone. |
| The report, compiled by three independent directors, said that "several" of Mr Kerviel's fraudulent transactions were processed by an unnamed assistant trader. | |
| An electronic message indicated the assistant knew the result of Mr Kerviel's "fraudulent transactions", the report said. | |
| Wrongdoing denied | |
| The bank's management was accused of being "negligent" in not identifying the problem, the report said. | |
| It also found that Mr Kerviel's direct supervisor was inexperienced, with insufficient support to do his job properly. | |
| Mr Kerviel, who is on bail, faces charges including a breach of trust, fabricating documents and illegally accessing computers. He has denied any wrongdoing. | |
| Another report into the affair, written by PricewaterhouseCoopers, is also due to be released on Friday. |