France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" that led to nearly $7.8 billion in trading losses announced earlier this year.
societe generaleSocGen fined over trading scandalNewsvine - business Fri, 07/04/2008 - 16:27
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses announced earlier this year. Societe Generale: Trader got help in loss coverupNewsvine - business Fri, 05/23/2008 - 12:33
Investigators at Societe Generale SA say they suspect former futures trader Jerome Kerviel had help in covering up massive trading positions that led to a massive $7 billion loss. Court Frees Societe Generale TraderTopix - Business News Tue, 03/18/2008 - 14:41
"We were expecting this decision; we were hoping for it" A French court on Tuesday ordered the release of a jailed Societe Generale trader blamed for multibillion dollar losses at the bank, a spokesman for the trader said. Jerome Kerviel was expected to leave Paris' grim La Sante prison later in the day. |
