News - Socgen
Societe Generale's (SOGN.PA) share price took another hammering on Feb. 21, falling nearly 9% in Paris trading as it reported a record $4.9 billion fourth-quarter loss from rogue trading and U.S. subprime write-offs.
By Sudip Kar-Gupta A senior adviser to President Nicolas Sarkozy has said that France remains opposed to any hostile bid for Societe Generale, the French bank hit by a trading scandal, but that any decision should be left to the bank.
By John Lichfield The alleged "rogue trader" Jerme Kerviel deliberately set out to "lose" hundreds of millions of euros to conceal his previous, secret "winnings", it emerged over the weekend. M.
By John Lichfield The Rogue Trader debacle Jerome Kerviel lost his bank Pounds 3.6bn.
By JOHN LICHFIELD The world of highfinance, already shaken by the imprudent greed of some of its biggest corporate names, was stunned yesterday by the largest ever fraud by an individual "rogue" trader.
