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Societe Generale

Banks Fined $2.3 Billion For Market Rigging

Reuters | Posted 02.03.2014 | Business

BRUSSELS (Reuters) - EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record t...

World Leadership Forum: Free Markets Meet Sustainable Development

Lia Petridis Maiello | Posted 11.27.2013 | Business
Lia Petridis Maiello

The 13th Annual World Leadership Forum organized by the Foreign Policy Association in New York City offered a cross-section of facts and opinions on the global economy, financial markets and sustainable development with five high-profile panels.

Former Executive Arrested In Major Scandal

Reuters | Posted 02.19.2013 | Business

* Chan Ming Fon to appear in court on Friday * U.S. authorities say Chan paid $10 million for role in fraud ...

When Banks Become Pirates

Reuters | Posted 08.25.2012 | Business

* Banks seizing ships from defaulting owners * Banks putting in ship operators to avoid selling at loss * Shipping marke...

Blame it on Hormones: Men are the Cause of Today's Problems

Dr. Sasha Galbraith | Posted 08.11.2012 | Business
Dr. Sasha Galbraith

What if Facebook's all-male Board of Directors had chosen a female investment banker to head up their ill-fated IPO? What if the "London Whale" or his male boss had been a woman? What if Enron's bad boys had been girls?

French Trader Sues Bank He Allegedly Cheated For Billions

Reuters | Posted 06.27.2012 | Business

* Lawyer alleges manipulation of taped interview of Kerviel * Says 6 out of 12 hours of total interview time were cut * ...

Bank's Bold Program Not Working, Raising Credit Crunch Concerns

The Huffington Post | Bonnie Kavoussi | Posted 01.05.2012 | Business

The European Central Bank's generous lending to banks is not boosting liquidity in the European economy as much as intended, according to a leading Fr...

ECB Action Not Enough Save European Banks From S&P Downgrade Threat

Posted 12.23.2011 | Business

The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself prot...

Moody's Downgrades Top French Banks

Posted 12.09.2011 | Business

Ratings agency Moody's downgraded the debt of BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA), and Credit Agricole (CAGR.PA) on Friday, citing d...

The Folie De Grandeur of Rogue Traders

Robert Lenzner | Posted 02.04.2012 | Books
Robert Lenzner

Listen up! I have just finished reading the brilliant, fast-paced How To Be A Rogue Trader in global finance by the prize-winning Associate Editor of the Financial Times, John Gapper and hereby recommend it as required reading, ASAP.

Global Stocks Jump On New Debt Crisis Pledge

Posted 12.10.2011 | Business

(Natsuko Waki) - World stocks and the euro rose on Monday while top-rated government bonds and the dollar fell after German and French leaders pro...

'Depression' Again Being Used To Describe Economic Landscape

Posted 12.05.2011 | Business

(Mike Dolan) - You know it's grim when the prevailing debate among economists and historians is whether the world economy faces the "Great" depres...

How The Euro Debt Crisis Could Affect U.S. Banks

Time | STEPHEN GANDEL | Posted 11.28.2011 | Business

Depending on how you look at it, U.S. banks could lose as much as $1 trillion dollars if the current money troubles in Europe were to lead to a full b...

Greek Crisis Hits France: Moody's Downgrades SocGen, Credit Agricole

AP | By SARAH DiLORENZO | Posted 11.14.2011 | Business

PARIS -- Moody's downgraded the credit ratings of French banks Societe Generale and Credit Agricole on Wednesday following a period of huge volatility...

Investors Fear That Major European Bank Could Fail

The New York Times | Posted 11.07.2011 | Business

Remember the collapse of Lehman Brothers? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is t...

France's Economic Growth Grinds To Halt, Reinforcing Recession Risks

AP | GREG KELLER | Posted 10.12.2011 | Business

PARIS — The French government was put under further pressure to cut deeper into spending after figures Friday showed growth in Europe's second b...

French Central Banker Blames Plunging Bank Shares On 'Unfounded Rumors'

AP | GREG KELLER and ANGELA CHARLTON | Posted 10.11.2011 | Business

PARIS — France, Italy, Spain and Belgium are banning short-selling on select stocks amid efforts to calm market turmoil that has sent bank share...

European Banks May Need To Raise $72B To Meet New Capital Requirements

Posted 08.27.2011 | Business

LONDON/FRANKFURT (Steve Slater and Arno Schuetze) - Europe's banks may need to raise over 50 billion euros ($71.6 Billion) after regulators slappe...

Economy's 'Little Ray Of Hope': The Service Sector

Posted 08.03.2011 | Business

NEW YORK - The pace of growth in the services sector picked up modestly in May while gauges of new orders and employment climbed, according to an ...

Gaddafi's Regime Stored Billions In Goldman, Other Investment Banks

AP | Posted 07.26.2011 | Business

LONDON -- A British lobbying group has released a leaked document showing that several major investment banks, including HSBC, Goldman Sachs, Societe ...

S&P Cuts Japan Credit Outlook On Quake Concerns

Posted 06.27.2011 | Business

TOKYO (Leika Kihara) - Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devasta...

Service Sector Continues To Grow, But At A Slower Pace

Reuters | Steven C. Johnson | Posted 06.05.2011 | Business

NEW YORK (Steven C. Johnson) - Growth in the vast U.S. services sector slowed last month and price pressures eased slightly, according to an indus...

Rogue French Trader Gets $6.7 BILLION Fine, Jail Time

AP | GREG KELLER | Posted 05.25.2011 | Business

PARIS — Ex-trader Jerome Kerviel was convicted on all counts Tuesday in history's biggest rogue trading scandal, sentenced to at least three yea...

Convicted Rogue Trader Says He's Paying For His Bank's Mistakes

AP | Posted 05.25.2011 | Business

PARIS — Ex-trader Jerome Kerviel, speaking for the first time Wednesday about his tough sentencing in history's biggest rogue trading scandal, i...

AIG Not Required To Pay For Fake Madoff Profits, Judge Rules

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Fake Madoff profits, it turns out, are not covered by AIG insurance policies. AIG does not need to compensate two former Bernard Madoff clients who...