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French banker who lost billions may have custodial sentence reduced

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French banker who lost billions may have custodial sentence reduced

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Jérôme Kerviel the banker found guilty of losing French bank Société Générale 4.9 billion euro is on course to have his five-year sentence reduced.

A ruling by a French judge could permit Kerviel to be tagged rather than serve a custodial sentence.

Prosecutors have ten days in which to appeal.