Societe Generale
Latest Societe Generale News
-
UBS Rogue Trader Accused of Losing $2 Billionrelative to its competitors. Other banks have recovered from major trading losses. In January 2008, French bank Societe Generale said it lost about $6.7 billion after a trader in Paris, Jerome Kerviel, took unauthorized positions on European
-
The Global Note: Rogue Trader…Cruise Ship Fire…Palestinian “Train Wreck?”…Queen & “The Fonz”
At this writing, UBS stock is down 5.8 percent after plummeting more than 8 percent earlier. Worth noting that Societe Generale stunned investors in 2008 when it revealed one of its traders cost the bank $6.7 billion through a complex scheme
-
U.S. Banks Getting Big Inflow of Deposits, But Savers, Investors in for Disappointmentthe previous day's 9.6 percent tumble. The sharp dive Wednesday was largely tied to rumors that French bank Societe Generale was in trouble. "The recession has gone global, so banks who have gone global have no strong spots," said Bill
-
Dow Falls 520 Points on European Debt Worriesinvestors believe the country might have trouble repaying its sovereign debt. The shares of Paris-based lender Societe Generale SA declined as much as 23 percent on speculation about its finances, which bank officials denied. French President
-
Bank of America: CEO Defends Actions As Shares Sinkoverall. The whole banking category was down today, depressed by worries about a possible downgrade of France's Societe Generale , the European debt crisis, and the weakness of the U.S. economy. The 24-company KBW Bank Index was down 4
-
Elizabeth Warren’s Meeting at the White House
The most egregious case? AIG, naturally, where tens of billions of US taxpayer dollars went to Deutsche Bank and Societe Generale , among others. The US bore the entire $70 billion risk of the insurance giant’s capital injection program, far
News
-
Goldman Sachs' Fabrice 'Fabulous Fab' Tourre: Wall Street's Fall Guy?of making unauthorized trades that led French bank Societe Generale to lose $6.7 billion in 2008, reportedly has said that the bank made him a scapegoat and argued that Societe Generale was also to blame for turning a "blind eye" to
-
AIG Bailout, Geithner Blasted Hard on Capitol Hill
including Goldman Sachs and Societe Generale -- ultimately received a total counterparties such as Goldman Sachs and Societe Generale the full value of their credit-default paid for their swaps, with Societe Generale raking in $16.5 billion and
-
Crucial Week for Obama's Economic Team
they were paid full value for their swaps, with Societe Generale raking in $16.5 billion in payments and Goldman to paying counterparties such as Goldman Sachs and Societe Generale the full value of their credit-default swaps
-
Geithner To Testify On AIG Bailout
to paying counterparties such as Goldman Sachs and Societe Generale the full value of their credit-default swaps. That they were paid full value for their swaps, with Societe Generale raking in $16.5 billion in payments and Goldman Sachs
-
Fed Stonewalls House Panel On AIG Bailout Docs
insurance giant – received $62.1 billion in taxpayer money after the Fed paid them full value for the swaps, with Societe Generale receiving $16.5 billion in payments, Goldman Sachs $14 billion, Deutsche Bank $8.5 billion, and Merrill Lynch
-
Fed Pressed AIG to Limit Public Disclosures of Payments
to paying counterparties such as Goldman Sachs and Societe Generale the full value of their credit-default swaps. That they were paid full value for their swaps, with Societe Generale raking in $16.5 billion in payments and Goldman Sachs
-
Watchdog: Fed Used Flawed Strategy in AIG Bailout
but since negotiations with the other counterparties proved fruitless, the Fed paid all of them in full. Societe Generale received $16.5 billion in payments, Goldman Sachs $14 billion, Deutsche Bank $8.5 billion, and Merrill
Videos
-
Bank Trader Loses $7 BillionFrench bank Societe Generale discloses huge fraud.
-
Wall Street's Decline Not Panic Sellinga lot of weakness in the banking sector there specifically in places like. France and Italy those banking shares Societe Generale the huge French bank. Johnson fifteen to 20% at one point today that's spilling over here so watch those cyclical
sector there specifically in places like. France and Italy those banking shares Societe Generale the huge French bank. Johnson fifteen to 20% at one point today that's spilling over here so watch those cyclical names -- -
World Markets React to Egyptian Unrestthere might be situation in Egypt where people won't pay back their loans. If you look at the big French banks at Societe Generale soc gen. And then BNP parry but two of the more well known bigger French banks out there. Though stocks are down
back their loans. If you look at the big French banks at Societe Generale soc gen. And then BNP parry but two of the more well known bigger French banks out there. Though stocks are down -
World Markets Jolted by Rogue Traderof France's biggest banks Societe Generale seven billion dollars. Investigators reverberate far beyond Paris. Today Societe Generale admitted to fraudulent positions not aware of developments at Societe Generale before they announce the decision
A series of unauthorized trades that cost one of France's biggest banks Societe Generale seven billion dollars. Investigators want to know how the bank could have let it happen. But there are broader concerns. Did onewest tests done. What did those losses reverberate far beyond Paris. Today Societe Generale admitted to fraudulent positions care of -- held. -- worth tens of billions of dollars enough perhaps to move in -- stockReserve officials told ABC news they were not aware of developments at Societe Generale before they announce the decision and remained comfortable with it. Some analysts are asking if the bank's problems helped push the Fed's -
Webcast (01.24.08)is simply staggering. Seven point one billion dollars in losses apparently the work of one trader. At the bank Societe Generale ABC's Jim has the. Jerome Kerviel was working on trading floor like this one making futures trades on the European
dollars in losses apparently the work of one trader. At the bank Societe Generale ABC's Jim -- -- has the. Jerome Kerviel was working on -- trading floor like this one making futures trades on the -
Jerome Kerviel: The $7 Billion Fraudis simply staggering. Seven point one billion dollars in losses apparently the work of one trader. At the bank Societe Generale ABC's Jim has the. Kerviel was working on trading floor like this one making futures trades on the European stock
dollars in losses apparently the work of one trader. At the bank Societe Generale ABC's Jim -- -- has the. -- Kerviel was working on -- trading floor like this one making futures trades on the -
Who Is France's $7 Billion Man?a bad. Nina I don't know how He got so far billions of dollars one friends oh my god it's so sad cause. His Societe Generale are portraying him as it. Evil genius we developed an elaborate scheme to hide tens of billions of dollars in bad
-- one friends oh my god it's so sad cause. His -- Societe Generale are portraying him as it. Evil genius we developed an elaborate scheme to hide tens of billions of dollars in bad trades.
