

Breaking the Bank: One Trader, 50 Billion
Overview
Jérôme Kerviel – the trader who hid €50 billion in trades at a major international bank – and his former superiors reveal all sides of the scandal.
Created By
Frédéric Garson
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Jérôme Kerviel – the trader who hid €50 billion in trades at a major international bank – and his former superiors reveal all sides of the scandal.
Frédéric Garson
Self, Economist
Self, Bank chairman

November 29, 2024 • 48m
On January 24, 2008, French bank Société Générale announces a sudden loss of €4.9 billion, leading to an investigation of trader Jérôme Kerviel.

November 29, 2024 • 45m
When the bank discovers €50 billion in hidden trades, a specialist is brought in to sell the positions and divert a market crash.

November 29, 2024 • 48m
As charges loom, Kerviel speaks out against the system he claims encouraged his risky trades, using the media frenzy to rally public opinion.

November 29, 2024 • 43m
In the years following his trial, Kerviel's case reveals deep flaws in the global financial system as further testimonies come to light.