Societe Generale

French Trader Sues Bank He Allegedly Cheated For Billions

Reuters | Posted 04.28.2012

Read More: Dominique Strauss-Kahn, Video, Societe Generale, Forgery, Reuters, David Koubbi, Jerome Kerviel, Tristane Banon, Paris, Isabelle Adjani, Business News

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

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

The Huffington Post | Bonnie Kavoussi | Posted 01.05.2012

Read More: European Debt Crisis, Eurozone, Liquidity, Bank Deposits, Lending, Eurozone Crisis, Societe Generale, Eurozone Debt Crisis, Liquidity Crisis, European Central Bank, Video, Business News

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...

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

Posted 12.23.2011

Read More: European Debt Crisis, Deutsche Bank, Unicredit, Credit Ratings, Video, BNP Paribas, Credit Downgrade, Standard and Poor's, Societe Generale, Euro Zone, Credit Rating Agencies, European Central Bank, Business News

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...

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Moody's Downgrades Top French Banks

Posted 12.09.2011

Read More: European Debt Crisis, Video, Moody's Downgrades Banks, BNP Paribas, Societe Generale, Moody's Investor Services, French Banks, Business News, Moody's, Credit Agricole, Business News

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...

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The Folie De Grandeur of Rogue Traders

Robert Lenzner | Posted 02.04.2012

Read More: John Gapper, Daniel Kahneman, George Orwell, Societe Generale, Going Rogue, Books News
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.

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Global Stocks Jump On New Debt Crisis Pledge

Posted 12.10.2011

Read More: Video, RIA Capital Markets, BNP Paribas, Standard Life Investments, German Chancellor Angela Merkel, Societe Generale, Euro Debt Crisis, Greece Debt Crisis, French President Nicolas Sarkozy, Euro Zone, World Stocks, Dexia, Business News

(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...

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'Depression' Again Being Used To Describe Economic Landscape

Posted 12.05.2011

Read More: European Debt Crisis, Sovereign Debt, Video, Pimco, Nouriel Roubini, Kleinwort Benson, Niall Ferguson, Societe Generale, Long Depression, "Japanization", Stimulus, Austerity, Great Depression, Business News

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

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

Time | STEPHEN GANDEL | Posted 11.28.2011

Read More: European Debt Crisis, U.S. Banks, European Stocks, Federal Financial Institutions Examination Council, Morgan Stanley, Societe Generale, Chancellor Angela Merkel, European Union, Federal Reserve, Financial Crisis, Dodd-Frank Regulations, Business News

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...

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

AP | By SARAH DiLORENZO | Posted 11.14.2011

Read More: European Debt Crisis, France Downgrade, Video, Credit Downgrade, Societe Generale, Moody's France, Greek Debt Crisis, Socgen, Moody's, Credit Agricole, Business News

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

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Investors Fear That Major European Bank Could Fail

The New York Times | Posted 11.07.2011

Read More: European Banks, George Soros, Lehman Brothers, Societe Generale, European Bank Failure, Euro Zone, Financial Crisis, European Central Bank, Business News

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

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

AP | GREG KELLER | Posted 10.12.2011

Read More: European Debt Crisis, Economy Europe, French Economy, Sarkozy, Societe Generale, Italy, Spain, Short Selling, Belgium, Business News

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

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

AP | GREG KELLER and ANGELA CHARLTON | Posted 10.11.2011

Read More: Eurozone, BNP Paribas, Stock Market, Societe Generale, French President Nicolas Sarkozy, French Banks, Christian Noyer, Fitch, Rabobank, S&P, Assya Compagnie Financiere, AAA Rating, Moody's, Business News

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

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

Posted 08.27.2011

Read More: Deutsche Bank, European Banks, Cocos, Credit Suisse, BNP Paribas, Europe Banks, Societe Generale, Too Big to Fail, Greek Bonds, Santander, Biggest Banks Capital Requirements, Capital Requirements, Sifi, European Lenders, Credit Agricole, Business News

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

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

Posted 08.03.2011

Read More: u.s. Jobs, U.S. Treasuries, Societe Generale, Economy, Employment Gauge, Manufacturing, Economic Recovery, Greenback, Services Sector, Institute for Supply Management, Video, Business News

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 ...

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

AP | Posted 07.26.2011

Read More: Hsbc, Gaddafi, Nomura, Goldman Sachs, Gaddafi Goldman, Big Banks Libya, Societe Generale, Libya Banks, Gaddafi Banks, Business News

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

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S&P Cuts Japan Credit Outlook On Quake Concerns

Posted 06.27.2011

Read More: Debt, Japan Earthquake, Tsunami, Standard and Poor's, World War Two, Societe Generale, Fiscal Reform, European Union, Nuclear Power Crisis, RBS Securities Tokyo, Sovereign Rating, Prime Minister Naoto Kan, Business News

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...

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Service Sector Continues To Grow, But At A Slower Pace

Reuters | Steven C. Johnson | Posted 06.05.2011

Read More: The Institute for Supply Management, Small Business, Japan Crisis, Policymakers, Societe Generale, Ceos, Service Sector, Middel East, Federal Reserve, Growth, Commodity Costs, China, Business News

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...

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Rogue French Trader Gets $6.7 BILLION Fine, Jail Time

AP | GREG KELLER | Posted 05.25.2011

Read More: Jerome Kerviel Fine, Jerome Kerviel News, Jerome Kerviel Scandal, Societe Generale, Biggest Trading Scandal, Jerome Kerviel Sentence, French Trading Scandal, Jerome Kerviel, Socgen, Business News

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

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

AP | Posted 05.25.2011

Read More: Jerome-Kerviel-Sentence, Jerome Kerviel Fine, Kerviel Scandal, Jerome Kerviel Job, Societe Generale, French Trading Scandal, Jerome Kerviel, Rogue Trader, Socgen, Business News

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

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

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Aig, Bernard Madoff, Jerome Kerviel, California, American International Group, Insurance, Societe Generale, Business News

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...

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U.S. Bailout Helped Overseas Banks

AP | MARCY GORDON | Posted 05.25.2011

Read More: Tarp, Deutsche Bank, Treasury Department, Aig, Elizabeth Warren, Tarp Global, BNP Paribas, Societe Generale, Bank Bailout, Treasury, Bailout, Business News

WASHINGTON — The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than o...

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French Rogue Trader's Trial Begins

AP | ANGELA DOLAND | Posted 05.25.2011

Read More: Stock Trading, Lehman Brothers, France, Societe Generale, Traders, Jerome Kerviel, Paris, The Spiral: Memoirs of a Trader, Business News

PARIS — Jerome Kerviel says he's living the simple life these days. The former French trader accused of gambling away billions of his bank's mon...

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AIG, Goldman Sachs Bailout: 'Secret Document' Reveals Goldman's Toxic Derivatives

bloomberg.com | Richard Teitelbaum | Posted 05.25.2011

Read More: Goldman Sachs, Aig Goldman Sachs, Darrell Issa, Tim Geithner, Societe Generale, House Committee on Oversight and Government Reform, AIG Bailout, Aig, American International Group, Bloomberg Markets, New York Federal Reserve Bank, Business News

Bloomberg Markets reports in its April issue. Representative Darrell Issa, the ranking Republican on the House Committee on Oversight and Government R...

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Suspicious Timing Surrounding The "De-risking" of AIG's Toxic Obligations

David Fiderer | Posted 05.25.2011

Read More: Goldman Sachs, Cdos, Societe Generale, Derivatives, AIG Bailout, Standard & Poor's, Aig, Banking Crisis, Credit Rating Agencies, Credit Default Swaps, Bank Bailout, Moody's, Business News
David Fiderer

There is no way that Congress can understand the AIG bailout without carefully scrutinizing the decision making process behind these specific ratings and subsequent downgrades.

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European Union Break-Up Coming Over Overvalued Currency, Says Albert Edwards Of Societe Generale

BusinessWeek | Alexis Xydias | Posted 05.25.2011

Read More: EU Break Up, European Union, EU Currency, Eu, Albert Edwards, European Union Break Up, Societe Generale, Business News

Feb. 12 (Bloomberg) -- Southern European countries are trapped in an overvalued currency and suffocated by low competitiveness, a situation that will ...

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