Bank of France's Trichet begins fraud trial

Bank of France governor Jean-Claude Trichet, tipped as the next president of the European Central Bank, was due to stand trial over a decade-old banking scandal on Monday. He denies all charges.

Trichet, the 60-year-old head of the Bank of France, faces charges of complicity in an alleged cover-up of losses when state-owned Credit Lyonnais came close to collapse.

The French state prosecutor alleges Credit Lyonnais issued misleading accounts in 1993 when Trichet's job was to oversee the finance