Search for: "Societe Generale Bank "
Results 61 - 80
of 126
Sort by Relevance
|
Sort by Date
22 Nov 2010, 7:39 am
BusinessWeek is reporting that former Societe Generale SA trader Samarth Agrawal was found guilty of stealing trade secrets related to the bank’s high-speed computer trading software.A federal court jury in New York today delivered the verdict at the end of a two-week trial. [read post]
19 Nov 2010, 6:51 am
” The trader said he was forced to work longer hours and on weekends after several departures from the high-frequency trading team, but that working on weekends had become a “red flag” at the firm, believed to be an allusion to the Jérôme Kerviel case.Kerviel, a French trader at SocGen, lost the bank nearly €5 billion on unauthorized trades. [read post]
3 Nov 2010, 3:30 am
Societe Generale, the second-largest French bank after BNP Paribas, on Wednesday posted a quarterly net income of 900 million euros driven by gains in retail banking and its structured finance desk. [read post]
1 Nov 2010, 5:22 pm
Reuters is reporting that prosecutors have asked United States District Court Judge Jed Rakoff to seal trial exhibits from the public, close the court to the public when the evidence addresses the nature of the bank's trade secrets, and seal certain transcripts.This is the prosecution of Samarth Agrawal, who worked with the high-frequency trade group at Societe Generale, which uses a multimillion-dollar computer system to perform sophisticated securities trading… [read post]
5 Oct 2010, 6:58 am
[JURIST] The Paris Criminal Court [official website, in French] on Tuesday sentenced [judgment, PDF; in French] "rogue trader" Jerome Kerviel [BBC backgrounder; JURIST news archive] to three years in prison and an additional two years suspended for fraudulent covert trading while working for French bank Societe Generale [corporate website, in French]. [read post]
30 Sep 2010, 4:30 am
Societe Generale won the dismissal of a U.S. shareholder lawsuit accusing the French bank of concealing nearly $9.5 billion of losses from a massive trading scandal and exposure to subprime mortgages. [read post]
25 Jun 2010, 6:33 am
The trial of Jérôme Kerviel, accused of setting off nearly 5 billion euros in losses at the French bank Société Générale, ended Friday with judges and prosecutors conceding that a two-year investigation and three weeks of court hearings had left them no wiser about what had ultimately motivated the former trader to make his enormous, unauthorized bets. [read post]
22 Jun 2010, 4:38 am
Societe Generale, France's second-largest bank by market value, could have been forced into bankruptcy by Jerome Kerviel's unauthorized positions had they not been unwound immediately, a trader told a Paris court Tuesday, according to Bloomberg News. [read post]
9 Jun 2010, 10:48 am
Kerviel has been charged [JURIST report] with breach of trust, forgery, and breaching IT access codes relating to $73 billion worth of unauthorized trades he made while working for French bank Societe Generale [bank website]. [read post]
6 Jun 2010, 9:54 pm
Rumors swirled on Friday that the bank could be facing tens of billions of dollars in derivatives losses, knocking 7 per cent off the share price: Societe Generale declined to comment on reports today by Reuters and CNBC that cited speculation the bank may face derivatives losses. [read post]
5 May 2010, 4:01 am
Societe Generale, the large French bank, said Wednesday that its exposure to Greece's government debt is $3.93 billion and it has tightened credit at its Greek unit in response to the financial crisis there, The Associated Press reported. [read post]
21 Apr 2010, 4:56 pm
They want Aleynikov to have a cell mate:A former trader with Societe Generale was arrested and charged with stealing the code from the bank's high-frequency trading program, federal prosecutors said. [read post]
21 Apr 2010, 10:41 am
Courthouse News Service is reporting that a former trader with Societe Generale was arrested and charged with stealing the code from the bank's high-frequency trading program.Samarth Agrawal worked with the high-frequency trade group, which uses a multimillion-dollar computer system to perform sophisticated securities trading within milliseconds. [read post]
20 Apr 2010, 2:31 pm
The latest arrest concerns a former Societe Generale trader who was being detained Tuesday on New York federal court charges of stealing the computer code of the Paris-based banking concern’s high-frequency trading software. [read post]
16 Jan 2010, 2:20 am
SEBI’s case is that Societe Generale failed to provide appropriate information regarding onward issuance of PNs as required under the appropriate SEBI regulations. [read post]
11 Jan 2010, 4:52 pm
The firm's parent, French banking titan Societe Generale, had announced that it was planning to get out of the money management business and expected to sell or spin off TCW within five years.Gundlach has publicly acknowledged that he became upset about TCW's direction and wanted to have more say about the firm's future. [read post]
11 Jan 2010, 4:52 pm
The firm's parent, French banking titan Societe Generale, had announced that it was planning to get out of the money management business and expected to sell or spin off TCW within five years.Gundlach has publicly acknowledged that he became upset about TCW's direction and wanted to have more say about the firm's future. [read post]
7 Jan 2010, 11:07 am
AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. [read post]
11 Dec 2009, 4:08 am
Societe Generale, one of the largest French banks, agreed to pay 676 million euros ($995 million) to Dexia to take control of the stake in consumer lender Credit du Nord it did not already own. [read post]
5 Aug 2009, 4:12 am
Société Générale beat forecasts with second quarter profits as loan quality deteriorated less than expected and its previously ailing investment banking arm came close to breaking even. [read post]
