Martin Vander Weyer

WEB EXCLUSIVE: There’s trouble brewing

Oh Boy. If you thought the Société Générale saga was beyond belief – today we learn that Eurex, the derivatives exchange, had been trying to warn the French bank for two months about Jerome Kerviel’s extraordinarily large trading volumes – then I invite you to contemplate the £274 million loss clocked up on hedging transactions by Mitchell & Butlers.

• From magazine issue: 26 January 2008