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It was a day of carnage that left 56 people dead and a dark shadow for ever cast over the history of London. But for Jérôme Kerviel, the French rogue trader, 7/7 was the jackpot. Mr Kerviel, whose wild bets on the stock market ended with record losses, celebrated as Britain’s worst terror attack helped him to register a €500,000 profit and to continue a winning streak that brought him “orgasmic pleasure”. The trader made the confession as he told the newspaper Le Parisien how he had lost touch with reality in the pursuit of money-making at Société Générale, the...

Why Kerviel is so unsettling By Christopher Caldwell Published: February 8 2008 18:27 | Last updated: February 8 2008 18:27 “You lose a sense of the amounts when you’re doing this kind of job,” the rogue trader Jérôme Kerviel told Agence France-Presse this week. “Everything gets dematerialised. You can get carried away.” It is possible Mr Kerviel was just using the interview to set up his legal defence. French authorities have accused him, after all, of forgery and breach of trust. Mr Kerviel had risen from the back office at Société Générale to become a “warrant arbitragist”. His job was...

“I don’t know where he is,” said Daniel Bouton, the long-standing chief executive and chairman of Société Générale, when he was asked on Thursday about the whereabouts of Jérôme Kerviel, the trader at the centre of one of the biggest frauds in banking history. But while Mr Kerviel’s movements remained unknown, the sequence of events that led to the extraordinary writedown at SocGen was becoming clearer. The trader joined the bank in 2000 and worked in Paris. The first three years of his career were spent in the bank’s so-called “back office” and “middle office”, where trades are settled...