Search for: "Societe Generale Bank "
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7 Jul 2009, 10:25 pm
That Stanford allegedly siphoned approximately $100 million from a bank account with Societe Generale Swiss in late 2008; 3. [read post]
16 Mar 2009, 6:50 am
Societe Generale, another big beneficiary, had $16.4 billion in notional value, and $9.5 billion in collateral. [read post]
8 Mar 2009, 6:30 am
In order, left to right and top row to bottom, they are: Morgan Stanley, RBS, Deutsche Bank, Credit Agricole, Societe Generale, Barclays, Unicredit, UBS, Credit Suisse, Goldman Sachs, BNP Paribas, Santander, Citigroup, JP Morgan, and HSBC: Update (8 March 2009): A very helpful reader, who chooses anonymity, pointed out within hours of my publishing this that the chart above is seriously misleading. [read post]
26 Dec 2008, 6:10 pm
The problems were compounded by shenanigans in the financial sector - the noted ones occurred, coincidentally, in the beginning and the end of the year - the Societe Generale derivatives trading fraud in January and the Bernard Madoff scandal in December.Although the Asian economies initially appeared immune from the crisis, they eventually became engulfed in it. [read post]
19 Dec 2008, 5:00 am
”(earlier this year, Societe Generale lost $7.1 billion due to a rouge employee investing in derivatives. [read post]
17 Dec 2008, 10:41 am
And in today's New York Times there is a story (European Banks Tally Losses Linked to Fraud) of how "a team from Societe Generale's investment bank here was sent to New York to perform some routine due diligence" and easily discovered that the numbers didn't add up. [read post]
17 Dec 2008, 9:45 am
I mentioned the blacklisting by Societe Generale in an earlier post, an event which occurred because of due diligence performed by the bank. [read post]
17 Dec 2008, 5:00 am
”(earlier this year, Societe Generale lost $7.1 billion due to a rouge employee investing in derivatives. [read post]
23 Oct 2008, 2:08 pm
The two banks already jointly own French investment bank Natixis, which raised $4.7bn (£2.9bn) in July to offset billion-dollar write-downs (Dziewolski and Masset advised Natixis on the capital raising as well).Two other large French banks, BNP Paribas and Societe Generale, will receive roughly $5.7bn (£3.5bn) in government subsidies. [read post]
7 Oct 2008, 2:41 pm
A system in which -- as happened in France this year with Societe Generale -- one bad trader could run up billions in losses and nearly break the bank is a system that isn't fault-tolerant enough. [read post]
6 Oct 2008, 11:15 am
“Societe Generale is the tenth [biggest] company on the CAC 40 and the sixth bank in the euro zone. [read post]
28 Aug 2008, 3:38 am
Fourth, a certain amount of the litigation wave involves companies domiciled (and, most likely, insured) overseas – for example, UBS, Swiss Re, RBS, RBC, Fimalac, Societe Generale, and so on. [read post]
31 Jul 2008, 6:10 pm
As reported this morning on NPR’s Morning Edition, the New York Times, and the Wall Street Journal’s Deal Book blog, among other news sources, the firm of Coughlin Stoia Geller Rudman & Robbins, recently named as lead counsel in a securities class action against French bank Société Générale, has sent a group of lawyers across the pond… [read post]
19 Jun 2008, 6:51 am
The NAB board drama in 2004 following the discovery of forex losses must seem like ancient history: I was talking to a journalist recently about Societe Generale and mentioned the NAB events and he'd never heard of it! [read post]
17 Jun 2008, 11:15 am
Société Générale, the French bank, and wealth management company Rockefeller Financial Services announced a global alliance on Tuesday in the private banking sector. [read post]
27 May 2008, 12:34 pm
They had been saving their anger ever since the trading scandal at the French bank Société Générale broke in January. [read post]
19 Mar 2008, 4:25 am
BNP Paribas, France’s biggest listed bank, said on Wednesday that it has decided not to pursue a possible tie-up with rival Société Générale, which has been hit by a trading scandal. [read post]
18 Mar 2008, 7:45 am
[JURIST] French "rogue trader" Jerome Kerviel [BBC profile] was released from prison Tuesday after a French court ordered that he be freed while the investigation continues into fraudulent activity allegedly conducted by Kerviel while employed at French Bank Societe Generale [corporate website]. [read post]
15 Mar 2008, 4:58 am
On January 25, 2008, it was revealed that Jerome Kerviel, a futures trader of the Societe Generale had entered into unauthorized transactions that cost France's second largest bank Euro 4.9 billion (US$ 7.8 billion), approximately Rs. 32,000 crores. [read post]
13 Mar 2008, 7:39 am
On January 24, the French bank unveiled 4.9 billion euros ($7.53 billion) of trading losses which it [...] [read post]
