The trader at the centre of an investigation into losses at Societe Generale has admitted to hiding deals, according to the Paris prosecutor.
Jerome Kerviel told police he concealed his actions to "appear like an exceptional trader and earn higher bonuses", the prosecutor said.
Last week, Societe Generale revealed a 4.9bn-euro ($7.1bn; £3.7bn) loss, which it blamed on Mr Kerviel.
Lawyers for Mr Kerviel said he had "committed no dishonest act".
http://news.bbc.co.uk/2/hi/business/7211796.stm
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