Paris -
Rogue trader Jerome Kerviel made a last-minute bid to avoid jail on Saturday, announcing he would stay in Italy rather than return to France to begin a three-year prison term.
High-speed trader Infinium Capital Management, which has struggled financially, has stopped trading and is working to wind down the company, President Mark Palchak told Reuters on Thursday.
Magistrates in France have confirmed that Jerome Kerviel, a former trader with French bank Societe Generale who allegedly lost his employers €4.9bn (£4.3bn, $7.2bn), is to go on trial facing charges that include breach of trust.
