RENEE MONTAGNE, host: NPR's business news starts with a rogue trader found guilty.</s>RENEE MONTAGNE, host: A Paris court has convicted a former futures trader on charges including forgery and breach of trust. Jerome Kerviel's unauthorized trades cost one of France's oldest banks big. In 2007 and 2008, Kerviel covered up nearly $70 billion in trades for the bank, Societe Generale. The bank's losses on those trades were nearly $7 billion, which Kerviel has been ordered to repay, though hard to imagine he could actually do that.</s>RENEE MONTAGNE, host: The court also sentenced him to three years in prison. During his trial, Kerviel said the bank tolerated his risk-taking so long as it produced profits.
A Paris court has convicted a former futures trader on charges including forgery and breach of trust. Jerome Kerviel's unauthorized trades cost one of France's oldest banks big. In 2007 and 2008, Kerviel covered up nearly $70 billion in trades for Societe Generale. The bank's losses on those trades was nearly $ 7 billion.