Former Caisse d’Epargne trader Bruno Picano-Nacci was found guilty by a Paris court of charges his unauthorised trading cost the bank €315 million in 2008.
The court said he had to repay the money and issued a suspended jail sentence at a hearing today. The 37-year-old former trader breached the trust of the bank, continuing to trade on risky positions after he was ordered otherwise.
The bank announced a €751 million loss less than...
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