societe generale

Profit Falls at French Bank Hit by Trading Scandal

Tue, 05 Aug 2008 08:43:42 -0500

Société Générale, which lost nearly $7.2 billion in a trading scandal this year, said quarterly net profit fell 63 percent, on write-downs and after its investment banking unit posted a loss.

SocGen second-quarter net profit drops 63 percent

Tue, 05 Aug 2008 06:55:04 -0500

French bank Societe Generale SA said Tuesday net profit fell 63 percent in the second quarter, after its investment banking unit posted a loss.

Kerviel's assistant handed preliminary charges

Mon, 04 Aug 2008 12:41:34 -0500

A French judicial official says Jerome Kerviel's assistant has become the second person handed preliminary charges in the Societe Generale banking scandal.

Societe Generale: Trader got help in loss coverup

Fri, 23 May 2008 13:33:23 -0500

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 Trader

Tue, 18 Mar 2008 15:41:12 -0500

"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. He has been held there since Feb. 8. Spokesman Christophe Reille did not elaborate on the order to free Kerviel.