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  • November 1, 2014
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  1. Business - Banking & Finance

    Convicted French rogue trader seeks to reverse fine in court

    Posted Feb 13th 2013, 10:24am by AFP

    ... Agence France-Presse in Paris ...

  2. Business - Banking & Finance

    Societe Generale earnings halve

    Posted May 07th 2013, 02:54pm by Bloomberg

    ... Bloomberg in Paris France's No 2 bank steps up cost cuts after result weighed down by accounting charges Societe Generale earnings dive 50pc Societe Generale, France's ... the bank said yesterday. It booked costs of €1.05 billion related to the revaluation of its debt in the period. Societe Generale, trailing larger French rival BNP Paribas in boosting capital, ...

  3. Business - Banking & Finance - BANKING

    Societe Generale sees loss on Newedge write-down

    Posted Feb 13th 2013, 10:13am by Bloomberg

    ... Bloomberg in Paris Societe Generale, France's second-largest bank, posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside €300 ... mostly on Newedge. Societe Generale cut jobs and sold assets last year to cope with stricter international capital and liquidity rules after French banks had their access blocked to US dollar ...

  4. Business - Banking & Finance

    Ex-trader Kerviel rebuffed by Paris employment tribunal

    Posted Jul 05th 2013, 10:53am by Reuters

    ... Reuters in Paris A Paris employment tribunal has rejected former Societe Generale trader Jerome Kerviel’s plea for a new expert inquiry to help overturn his dismissal in France’s biggest-ever trading scandal in 2008. In a separate criminal case, Kerviel is running out of options to escape conviction and a jail sentence upheld by an appeals court in October over 4.9 billion ...

  5. Business - Banking & Finance

    Bitcoin tops US$1,000 for first time

    Posted Nov 28th 2013, 09:16am by Reuters in New York

    ... asset class and lots of liquidity is the perfect environment for a rapid burst up in value and then corrections Sebastien Galy, Societe Generale Bitcoin is valued by many users for its ... environment for a rapid burst up in value and then corrections,” said Sebastien Galy, a currency strategist at Societe Generale in New York. Bitcoin trades 24 hours a day, every day. The supply ...

  6. Business - Banking & Finance - BANKING

    EU fines five banks and a broker HK$18b for fixing Libor, other rates

    Posted Dec 04th 2013, 11:05pm by Reuters

    ... institutions penalised were banks Societe Generale and JPMorgan and brokerage RP Martin. Deutsche Bank received the biggest fine of €725.36 million. The commission said it would continue to investigate ... money to cover most of the €725 million fine. JPMorgan confirmed that it had a €79.9 million penalty in the Libor case but said it would defend itself in the Euribor case. Societe Generale ...

  7. News - World

    Stylish pet furniture the latest must-have in Paris

    Posted Oct 19th 2013, 04:09am by Reuters

    ... Reuters in Paris Pampered pooches part of the furniture Parisian poodles are used to being pampered by their doting owners, groomed to perfection and adorned with luxury leashes and collars. Now they finally have the furniture to match. A company co-founded by a former Societe Generale banker has come up with a range of high-end interior items for the furry and the feathered ...

  8. Business - Economy

    Signals out of Beijing this past week don’t bode well for China stocks

    Posted Oct 25th 2013, 08:54pm by Chris Oliver

    ... towards a chillier credit backdrop in the months ahead, according to Société Générale strategist Wei Yao in Hong Kong. “Seeing growth stabilising, policymakers seem to be shifting their focus back to risk management,” Yao said in a note to clients on Thursday. Seeing growth stabilising, policymakers seem to be shifting their focus back to risk management Société Générale strategist Wei Yao ...

  9. Business - Economy

    Fall in China credit growth puts rebound at risk

    Posted Sep 06th 2013, 12:00am by BLOOM

    ... China economist at Societe Generale in Hong Kong. Regulators are keeping a close watch on lending to local governments and banks cannot pump funds into the economy to support investment, making ... Bloomberg in Beijing Fall in mainland credit growth puts rebound at risk The mainland's leaders are extending a clampdown on credit, prompting analysts from JPMorgan Chase to Societe ...

  10. Business - Banking & Finance - REMUNERATION

    Bankers told to give up bonuses after rate-rigging

    Posted Dec 07th 2013, 03:59am by BLOOM

    ... at Deutsche Bank, Royal Bank of Scotland and Societe Generale, the firms that received the biggest penalties, should forgo bonuses to set an example for others, said Davide Serra, founder ... rates and costs tied to job cuts. Societe Generale, whose stock has jumped 43 per cent this year, attributed responsibility for its penalty to a lone former trader it did not identify. ...




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