[PARIS — The French authorities have arrested a broker at Société Générale in connection with the trading scandal that the French lender says cost it more than $7 billion, the French prosecutor’s office said Wednesday.
Société Générale disclosed in January that it sustained the losses when it unwound 50 billion euros, or $76.6 billion, worth of unauthorized bets that it said Mr. Kerviel had hidden through a series of fictitious transactions.
The disclosure has also prompted talk of a possible takeover bid for the 144-year-old lender.]-NYT
