SocGen ex-trader Kerviel faces prison after losing appeal


But appeal court does overturn initial judgement that Kerviel has to repay the 4.9 billion euros in losses he was said to have caused bank.

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Jerome Kerviel, the former Societe Generale SA (GLE) employee convicted for unauthorized transactions leading to one of the biggest trading losses in history, faces prison after a French court rejected his appeal, reports Bloomberg.