Rivals circle derivatives team as bonuses ‘wiped out’

Rival banks are sizing up the top equity derivatives talent at Société Générale corporate and investment banking while the French institution unravels the mystery surrounding its €4.9bn ($7.2bn) rogue trading scandal.

Its closest competitors, including BNP Paribas, Calyon, JP Morgan, Credit Suisse and Deutsche Bank, are expanding their teams as demand for equity derivatives soars in volatile markets.

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