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Inside the great Société Générale bonus war

The €4.9bn ($7.3bn) trading loss sparked by wayward Société Générale trader Jérôme Kerviel has sparked a criminal probe, a government inquiry and calls for the bank’s top brass to resign. But for many of the 11,000 employees in the bank’s corporate and investment banking division, there is a bigger worry: Will it hurt my bonus?

“That’s the one thing everyone here is worried about,” said a New York trader for Société Générale.

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