Societe Generale

DBS buys private banking business of Societe Generale in Singapore and Hong Kong

Singapore-based DBS is hoping to tap some of the wealth being created in China. Photo: AFP

DBS, Southeast Asia's largest bank, is paying US$220 million for the private banking business of Societe Generale in Singapore and Hong Kong and selected parts of the French bank's trust business in a trend that has seen Western banks unload their private banking operatio

Tuesday, 18 March, 2014, 1:10am

Ex-trader Kerviel rebuffed by Paris employment tribunal

Jerome Kerviel (second left) and his lawyer David Koubbi (right) are reflected in a window as they arrive at court on Thursday. Photo: AFP

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.

5 Jul 2013 - 10:53am

Convicted French rogue trader seeks to reverse fine in court

French rogue trader Jerome Kerviel (L), flanked by his lawyer David Koubbi (R) arrives at Paris court ahead of its October 2012 ruling that he must repay Societe Generale 4.9 billion euros 4.9 billion euros (HK$50.97 billion). Photo: AFP13 Feb 2013 - 10:24am

Societe Generale sees loss on Newedge write-down

Societe Generale has been cutting jobs and selling assets.

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 funding and European debt markets. The write-downs and litigation costs in the quarter offset a rebound in earnings at the corporate- and investment-banking unit, where the firm trimmed about 1,600 jobs after shuffling management.

14 Feb 2013 - 4:41am

Royal Bank of Canada, Societe Generale subpoenaed in Libor probe

Nine more banks, including Royal Bank of Canada, had been subpoenaed to the Libor investigation. Photo: Bloomberg

Societe Generale, Royal Bank of Canada and Bank of America are among nine additional banks that were subpoenaed in New York and Connecticut's probe of alleged manipulation of Libor, a person familiar with the matter said.

27 Oct 2012 - 3:42am

Rogue trader Jerome Kerviel loses appeal over jail and €4.9b fine

Rogue trader Jerome Kerviel arrives at court yesterday to hear the result of his appeal. Photo: AFP

An appeal by the man behind France's biggest rogue-trading scandal against a three-year jail term and a €4.9 billion (HK$49 billion) fine was rejected by a court in Paris yesterday.

25 Oct 2012 - 4:44am

Banking on high social returns

Citizen Commitment Week (CCW) may be an annual calendar highlight of Societe Generale's adherence to corporate social responsibility (CSR), but making a difference in the communities where the French bank operates is a year-long effort.

28 Jul 2012 - 12:00am

Rogue trader shows lessons not learned

Financial skulduggery is as old as finance itself. What is shocking, however, about Jerome Kerviel, a futures trader at leading French bank Societe Generale, is the scale of his reported deception. The fraud he allegedly perpetrated through unauthorised trades in European futures markets has cost his employer Euro4.9 billion (HK$56 billion), the largest in banking history.

26 Jan 2008 - 12:00am

China Life joins foreign group in bid for 85pc GDB stake

China Life Insurance has joined a Citigroup-led consortium to bid for an 85 per cent stake in Guangdong Development Bank (GDB), the mainland's 11th-largest commercial lender, sources said.

24 May 2006 - 12:00am

New Products

Societe Generale is offering two open-ended equity funds which carry a 5 per cent annual payout regardless of market conditions.

5 Oct 2003 - 12:00am

More Dow Jones put warrants

Societe Generale will list a fresh batch of Dow Jones put warrants in Hong Kong today. The issue, which was doubled to 500 million warrants because of overwhelming demand from clients, was priced at a premium of 2.95 per cent, with implied volatility of about 26 per cent, it said.

9 Apr 1998 - 12:00am

Societe Generale in issue

SOCIETE Generale Hongkong yesterday announced the issue of $100 million two-year reverse floating rate certificates of deposit (CD).

Interest on this CD issue is payable quarterly at a rate of 14.75 per cent minus two times the three-month Hongkong Interbank Offered Rate. Denomination of each CD is $500,000.

11 Feb 1993 - 12:00am