Former Societe Generale trader Jerome Kerviel has lost his appeal against a five-year prison sentence, two of which are suspended, for forgery and breach of trust, handed down in 2010.
The ex-trader lost the bank almost 5bn euros ($6.5bn; £4bn) in 2008.
Kerviel, who was also convicted of unauthorised computer use, has always said his bosses knew what he was doing.
He will also still have to pay back the full amount that his losses cost the bank, the court said.
"The appeals court... upholds the ruling," the judge told Kerviel, adding that he might not go to jail immediately.
The trader's lawyer said his client might consider a second appeal against the original sentence.
Despite his claims that his superiors knew all about his actions, Kerviel's former bosses and colleagues lined up to testify against him during the trial in 2010. The judge at the time ruled that the trader "knowingly went beyond his remit".
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