Court slashes damages to be paid by ex-trader Kerviel

Kerviel had been ordered to pay back the €4.9bn of losses his trades amassed for his ex-employer Societe Generale.

In 2010, Kerviel was sentenced to three years in prison for fraud, breach of trust and forgery over his trades.

Read more: http://www.bbc.com/news/business-37449177

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