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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: SocGen

SocGen stories: 3 news summaries

 Rogue Trader to Sue SocGen 

Kerviel claims his accounts were in the black

Apr 3, 08 8:49 AM CDT
(Newser) - The rogue trader whose $7.8 billion in transactions nearly sank Société Générale has filed papers in preparation for a wrongful dismissal lawsuit, the Times of London reports. Jérôme Kerviel will claim the French bank has failed to prove he did anything wrong. He was... More »

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France • credit crisis • bank fraud • Jérôme Kerviel • rogue trader • SocGen • Societe Generale • wrongful dismissal

Second SocGen Broker Held in Kerviel Probe

Could derail rogue trader's chances of getting released

Mar 12, 08 10:23 AM CDT
(Newser) - Authorities have taken a second Societe Generale employee into custody and conducted a search of La Defense headquarters, as the probe into unauthorized securities trading that cost the French bank $7.6 billion expands, reports Bloomberg. Police are holding a broker from a bank subsidiary, said a SocGen spokeswoman. Another... More »

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rogue trader • SocGen • risky trading • securities fraud • Societe Generale • Jerome Kerviel

SocGen Posts Record $4.9B Q4 Loss

Subprime writedowns and fraud drop bank's annual profit 82%

Feb 21, 08 9:54 AM CST
(Newser) - Societe Generale's annual profits plummeted a whopping 82% after a record $4.9 billion fourth quarter loss fueled by subprime woes and the actions of rogue trader Jerome Kerviel, reports Bloomberg. France’s second-largest bank today said net income was 947 million euros, compared to 5.22 billion euros in... More »

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subprime mortgages • earnings reports • corporate earnings • Jérôme Kerviel • Société Générale • Daniel Bouton • SocGen

3 Stories


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