Societe Generale
Latest Societe Generale News
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Europe crisis could affect trade for Asia, Africa
Asia, account for more than a third of trade finance loans worldwide, according to Barclays Capital. French bank Societe Generale has said it's considering whether to cut back on export loans and other types of lending. Germany's Commerzbank
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Dow drops 297 as Greek referendum announcement shocks stocks
government bonds and would be exposed to severe losses if Greece goes through a disorderly default on its debt. Societe Generale plunged 16% in Paris trading and BNP Paribas lost 11%. The two-day drop comes after U.S. stocks closed out
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Greek referendum announcement shocks world stocks
government bonds and would be exposed to severe losses if Greece goes through a disorderly default on its debt. Societe Generale plunged 16% in Paris trading and BNP Paribas lost 11%. The two-day drop comes after U.S. stocks closed out
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Rogue trader causes $2 billion loss at UBS
reminiscent of other high-profile scandals involving traders that pushed the risk envelope too far, including Societe Generale 's Jerome Kerviel, who concealed unauthorized trades in 2008 that resulted in more than $6.5 billion in losses
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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
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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
News
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Europe woes weigh heavily on U.S. stock markets
reaction occurred in mid-August. The Dow plunged nearly 520 points on Aug. 10 amid rumors that French banking giant Societe Generale was in deep financial trouble. But the Dow rallied 423 points the next day when those market rumors were proved
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Europe woes weigh heavy on U.S. stock markets
reaction occurred in mid-August. The Dow plunged nearly 520 points on Aug. 10 amid rumors that French banking giant Societe Generale was in deep financial trouble. But the Dow rallied 423 points the next day when those market rumors were proved
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French Growth Sputters to a Halt in 2nd Quarter
performing solidly in Paris, with Societe Generale up nearly 5.7 percent and days, French bank stocks, and Societe Generale in particular, have been hugely origin of the rumors targeting Societe Generale . The AMF announced plans for
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Wall Street, Banks Boost Europe Stocks
selling on Monday. The share prices of French banks, which fluctuated sharply in recent days, jumped Friday, with Societe Generale up 5.7 percent and Credit Agricole gaining 2.1 percent. In Belgium, Dexia, which had also been under pressure
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This Time, US Fears a Financial Crisis From Abroad
especially vulnerable. Shares in Societe Generale , France's No. 2 bank, plunged prices down when rumors flare. Societe Generale 's stock recovered 3.7 percent like the ones that pummeled Societe Generale and raised concerns about France
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Short-Selling Banned in 4 European Countries
stocks, including those of banks Societe Generale , BNP Paribas and Credit Agricole shares of top banks, including Societe Generale and BNP Paribas, and said the closed up 0.3 percent and Societe Generale rose 3.7 percent. France
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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
Videos
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Bank Trader Loses $7 BillionFrench bank Societe Generale discloses huge fraud.
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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. -
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 -
Evil Genius or Scapegoat?Friday. Essential question one trader had single handedly lost all that money was his employer partly to blame. Societe Generale maintains He acted alone secretly betting tens of billions of dollars of the bank's money on European stock markets
single handedly lost all that money was his employer partly to blame. Societe Generale maintains He acted alone secretly betting tens of billions of dollars of the bank's money on European stock markets He went on -
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. -
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.
