Ex-SocGen Trader Kataria Says He Was ‘Fired’ for Undetected Bets
A former Hong Kong-based Societe Generale SA trader claimed he was fired and said the French lender should share blame for failing to detect his risky bets.
A former Hong Kong-based Societe Generale SA trader claimed he was fired and said the French lender should share blame for failing to detect his risky bets.
Most Asian equities rose after Federal Reserve chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump late in the previous session that hinted at intervention.
Kingdom’s wealth pile attracts banks, but they still face local challenges
A recent opinion poll shows the ex-president’s party is on course to win 8% of the vote.
The Czech Republic is poised to cut interest rates by another half of a percentage point, but a nascent economic recovery and sticky inflation may slow monetary easing in the following months.
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