Fortune: 4 things I learned from Société Générale, makes for interesting reading.
(Fortune) -- Two weeks after the scandal first broke, we still don't know exactly how Jérôme Kerviel, a lowly 31-year-old trader on the arbitrage desk at French bank Société Générale managed to build a $72 billion position in European stock index futures.
It's also not clear whether the bank will survive the scandal intact: hit by $7 billion in losses, chief executive Daniel Bouton is under enormous pressure to step down, and Paris is buzzing with talk - so far unconfirmed - that archrival BNP Paribas may be looking to launch a takeover bid.
But already, there are four lessons to be drawn from the Kerviel affair:
"Once again, we come to the Holiday Season, a deeply religious time that each of us observes, in his own way, by going to the mall of his choice." -- Dave Barry
