French mutual bank Groupe Caisse d'Epargne today suspended its head of finance and shut its proprietary trading business after suffering a €600m ($807m) loss from equity derivatives trading last week.

A spokeswoman for the bank said this afternoon that the losses were caused by "half a dozen traders", who are no longer employees of the bank following its decision to cease prop trading in the wake of the loss.

Employee suspended as Caisse d'Epargne quits prop trading on €600m loss

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