http://topics.edition.cnn.com/topics/feeds/rss/Societe_Generale_SAFind stories, videos, and photos about Societe Generale SA from CNN.com.en-usCable News Network LP, LLLP.Sun, 08 Nov 2009 11:38:20 GMT5http://i.cdn.turner.com//cnn/2009/BUSINESS/09/01/france.societe.generale/tztop.kerviel.afp.gi.jpghttp://topics.edition.cnn.com/topics/feeds/rss/Societe_Generale_SA14433Find stories, videos, and photos about Societe Generale SA from CNN.com.http://edition.cnn.com/2009/BUSINESS/09/01/france.societe.generale/index.html#cnnSTCTexthttp://edition.cnn.com/2009/BUSINESS/09/01/france.societe.generale/index.html#cnnSTCTextThe French trader accused of a multi-billion-dollar fraud at banking giant Societe Generale will go on trial next year, a lawyer for the bank said Tuesday.Tue, 01 Sep 2009 11:14:00 EDThttp://money.cnn.com/2009/07/01/markets/duller_times_stocks.breakingviews/index.htmhttp://money.cnn.com/2009/07/01/markets/duller_times_stocks.breakingviews/index.htmFinancial excitement has been in ample supply for ages. The second quarter of 2009 was no exception. Investors should hope that the dramatic rise in most of the world's stock markets in the period -- 15% or so in Europe and the U.S., almost 20% in Japan and more than 50% in some emerging markets -- marks the end of the thrills.Wed, 01 Jul 2009 14:52:00 EDThttp://money.cnn.com/2009/06/09/markets/oil/index.htmhttp://money.cnn.com/2009/06/09/markets/oil/index.htmOil prices settled above $70 a barrel Tuesday for the first time in seven months, as the dollar fell and expectations grew that the economy is headed for recovery.Wed, 10 Jun 2009 14:43:00 EDThttp://edition.cnn.com/2009/BUSINESS/04/29/societe.generale.chairman/index.html#cnnSTCTexthttp://edition.cnn.com/2009/BUSINESS/04/29/societe.generale.chairman/index.html#cnnSTCTextThe chairman of Societe Generale, the French bank whose reputation was hit by a massive trading scandal last year, said on Wednesday he would resign in the wake of repeated criticism over his performance.Wed, 29 Apr 2009 08:25:00 EDThttp://money.cnn.com/2009/03/27/markets/breaking_views.breakingviews/index.htmhttp://money.cnn.com/2009/03/27/markets/breaking_views.breakingviews/index.htmAll of a sudden, it's a bull market. The Dow Jones Industrial Index has risen by 21% since March 9, just crossing the traditional 20% threshold that some chart-watchers use to separate a mere rally from the real thing, But this three-week old may not live to a ripe age.Fri, 27 Mar 2009 15:38:00 EDThttp://money.cnn.com/2009/03/15/news/companies/barr_aig.fortune/index.htmhttp://money.cnn.com/2009/03/15/news/companies/barr_aig.fortune/index.htmAIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer.Mon, 16 Mar 2009 16:01:00 EDThttp://www.time.com/time/business/article/0,8599,1855890,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1855890,00.html?xid=feed-cnn-topicsEurope's stock markets opened modestly higher after solid gains in Asia and amid mounting expectations that the European Central Bank and the Bank of England will aggressively cut borrowing costs Mon, 03 Nov 2008 12:00:00 ESThttp://edition.cnn.com/2008/BUSINESS/10/21/france.banks/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/10/21/france.banks/index.html#cnnSTCTextThe French government is injecting €10.5 billion ($13.9 billion) into the country's six largest banks to help stabilize the economy and ensure the banks have adequate lines of credit.Tue, 21 Oct 2008 08:35:00 EDThttp://www.time.com/time/business/article/0,8599,1848178,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1848178,00.html?xid=feed-cnn-topicsEuropean markets tumbled in early trading amid ongoing fears about the state of credit markets despite the British government's $87.5 billion rescue package for the banking systemWed, 08 Oct 2008 12:00:00 EDThttp://money.cnn.com/2008/04/17/news/international/SocGen_ceo_stepsdown.fortune/index.htmhttp://money.cnn.com/2008/04/17/news/international/SocGen_ceo_stepsdown.fortune/index.htmDaniel Bouton will step down as chief executive of Société Générale in May, although he'll stay on as chairman, the French bank announced Thursday. Bouton, 58, is taking the fall for the bank's failings in the rogue trading affair involving Jérôme Kerviel, a junior stock arbitrager who ultimately cost the bank $7.5 billion in net losses.Thu, 17 Apr 2008 20:44:00 EDThttp://money.cnn.com/2008/04/15/news/companies/saving_soc_gen.fortune/index.htmhttp://money.cnn.com/2008/04/15/news/companies/saving_soc_gen.fortune/index.htmIn the early afternoon of Sunday, Jan. 20, Daniel Bouton, the chairman and chief executive of the huge French bank Société Générale, was in his 35th-floor office preparing for a board meeting that evening when one of his lieutenants, Jean-Pierre Mustier, came to break some calamitous news. Mustier, Société Générale's head of investment banking, had already alerted him about a 31-year-old junior trader in the stock arbitrage department named Jérôme Kerviel who had been caught making big unhedged bets on European stock futures.Wed, 16 Apr 2008 13:06:00 EDThttp://edition.cnn.com/2008/BUSINESS/02/20/trader.report/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/02/20/trader.report/index.html#cnnSTCTextAn interim report issued Wednesday by independent board members of the French bank Societe Generale has concluded that a trader working alone was responsible for amassing trading losses that exceeded $7.2 billion.Wed, 20 Feb 2008 23:40:00 ESThttp://edition.cnn.com/2008/WORLD/europe/02/15/rogue.lawyer/index.html#cnnSTCTexthttp://edition.cnn.com/2008/WORLD/europe/02/15/rogue.lawyer/index.html#cnnSTCTextA lawyer for the French trader accused of massive fraud at Societe Generale said bank bosses "condoned" his client's trades, contradicting bank statements that the trader acted on his own.Sat, 16 Feb 2008 02:33:00 ESThttp://money.cnn.com/2008/02/13/magazines/fortune/cover.fortune/index.htmhttp://money.cnn.com/2008/02/13/magazines/fortune/cover.fortune/index.htmThe individual pictured on the cover of the February 18, 2008 issue of FORTUNE magazine and his employer have no connection to Societe Generale, and Fortune did not mean to imply any connection, or to comment in any way on his or his employer's professional abilities.Wed, 13 Feb 2008 15:53:00 ESThttp://edition.cnn.com/2008/BUSINESS/02/11/french.bank/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/02/11/french.bank/index.html#cnnSTCTextSociete Generale on Monday launched a heavily discounted €5.5 billion (around $8 billion) rights issue as it attempts to fill a capital gap the French bank says was caused by trader Jerome Kerviel, while also lifting its net profit forecast for 2007. Mon, 11 Feb 2008 15:10:00 ESThttp://edition.cnn.com/2008/BUSINESS/02/08/french.bank/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/02/08/french.bank/index.html#cnnSTCTextJerome Kerviel, the man at the center of a multi-billion trading scandal will be jailed while the investigation into his alleged fraud is conducted, his lawyer confirmed to CNN Friday.Mon, 11 Feb 2008 01:17:00 ESThttp://edition.cnn.com/2008/BUSINESS/02/04/french.bank/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/02/04/french.bank/index.html#cnnSTCTextA French government report into the massive losses at Societe Generale says banks should have greater suspicion about employee fraud and do a better job of notifying the government when the issue arises.Tue, 05 Feb 2008 06:53:00 ESThttp://money.cnn.com/2008/02/01/news/international/socgen_whatilearned.fortune/index.htmhttp://money.cnn.com/2008/02/01/news/international/socgen_whatilearned.fortune/index.htmTwo weeks after the scandal first broke, we still don't know exactly how Jérôme Kerviel, a lowly 31-year-old trader on the arbitrage desk at French bank Société Générale managed to build a $72 billion position in European stock index futures.Fri, 01 Feb 2008 18:14:00 ESThttp://www.time.com/time/business/article/0,8599,1708691,00.html?xid=feed-cnn-topicshttp://www.time.com/time/business/article/0,8599,1708691,00.html?xid=feed-cnn-topicsRumors are rife in France that the beleaguered bank SociÉtÉ GÉnÉrale will be acquired by a hostile rivalThu, 31 Jan 2008 17:00:00 ESThttp://edition.cnn.com/2008/WORLD/europe/01/30/french.bank/index.html#cnnSTCTexthttp://edition.cnn.com/2008/WORLD/europe/01/30/french.bank/index.html#cnnSTCTextThe board of troubled French banking giant Societe Generale said Wednesday that chairman and chief executive Daniel Bouton will stay on despite massive trading losses of more than $7.2 billion.Thu, 31 Jan 2008 02:37:00 ESThttp://money.cnn.com/2008/01/30/news/international/socgen/index.htmhttp://money.cnn.com/2008/01/30/news/international/socgen/index.htmThe board of troubled French banking giant Societe Generale said Wednesday that Chairman and Chief Executive Daniel Bouton will stay on despite massive trading losses of more than $7.2 billion.Wed, 30 Jan 2008 15:20:00 ESThttp://edition.cnn.com/2008/WORLD/europe/01/29/rogue.trader/index.html#cnnSTCTexthttp://edition.cnn.com/2008/WORLD/europe/01/29/rogue.trader/index.html#cnnSTCTextConcerns over the trading carried out by Jerome Kerviel, the trader accused of causing a $7.2 billion loss at Societe Generale, were raised as early as last November, a British newspaper reported Tuesday. Wed, 30 Jan 2008 02:56:00 ESThttp://money.cnn.com/2008/01/29/news/international/rogue_trader/index.htmhttp://money.cnn.com/2008/01/29/news/international/rogue_trader/index.htmThe French prosecutor who sought charges against trader Jerome Kerviel for a $7.2 billion loss at Societe Generale said Tuesday he plans to appeal a judge's decision to throw out a charge of fraud.Tue, 29 Jan 2008 12:09:00 ESThttp://edition.cnn.com/2008/WORLD/europe/01/28/rogue.trader/index.html#cnnSTCTexthttp://edition.cnn.com/2008/WORLD/europe/01/28/rogue.trader/index.html#cnnSTCTextAlleged multibillion-dollar rogue trader Jerome Kerviel was freed Monday after French authorities preliminarily charged him with abuse of confidence and illegal access to computers.Mon, 28 Jan 2008 23:07:00 ESThttp://money.cnn.com/2008/01/28/news/international/socgen_charges/index.htmhttp://money.cnn.com/2008/01/28/news/international/socgen_charges/index.htmFrench prosecutors said Monday they plan to pursue four charges, including fraud, against the trader who allegedly carried out a $7.2 billion fraud at French banking giant Societe Generale.Mon, 28 Jan 2008 20:09:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/28/soeciete.generale/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/28/soeciete.generale/index.html#cnnSTCTextFrench prosecutors announced Monday that they had filed preliminary charges against the rogue trader who allegedly carried out a $7.2 billion fraud at French bank Societe Generale.Mon, 28 Jan 2008 19:41:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/27/soeciete.generale/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/27/soeciete.generale/index.html#cnnSTCTextFrench bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (€4.9 billion) fraud, how the loss came to light and what it is doing to ensure such a case does not recur.Mon, 28 Jan 2008 01:34:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/27/societegenerale.trader/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/27/societegenerale.trader/index.html#cnnSTCTextThe trader accused of making fraudulent transactions that cost Societe Generale €4.9 billion ($7.2 billion) hacked computers and used "several techniques of fraud," the French banking giant has said.Sun, 27 Jan 2008 16:49:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/26/societegenerale.trader/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/26/societegenerale.trader/index.html#cnnSTCTextThe trader accused of making fraudulent transactions that cost French banking giant Societe Generale €4.9 billion ($7.2 billion) is being questioned in the case, the French national police said Saturday.Sun, 27 Jan 2008 03:57:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/25/societegenerale/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/25/societegenerale/index.html#cnnSTCTextFrench police have visited the Paris home of alleged rogue trader Jerome Keruviel, who has been accused of costing bank Societe Generale $7.2 billion in fraudulent transactions.Sat, 26 Jan 2008 04:25:00 ESThttp://money.cnn.com/2008/01/25/magazines/fortune/gumbel_davossorry.fortune/index.htmhttp://money.cnn.com/2008/01/25/magazines/fortune/gumbel_davossorry.fortune/index.htmA significant number of the bankers, regulators, credit agencies and other key players whose errors, omissions and greed contributed to the current financial crisis are at the World Economic Forum in Davos - and they all seem to be singing from the same hymn sheet.Fri, 25 Jan 2008 18:45:00 ESThttp://edition.cnn.com/2008/BUSINESS/01/24/societegenerale.fraud/index.html#cnnSTCTexthttp://edition.cnn.com/2008/BUSINESS/01/24/societegenerale.fraud/index.html#cnnSTCTextFrench banking giant Societe Generale said Thursday it had uncovered an "exceptional" fraud case that cost it a staggering €4.9 billion ($7.2 billion).Fri, 25 Jan 2008 08:14:00 ESThttp://money.cnn.com/2008/01/24/markets/markets_nyopen/index.htmhttp://money.cnn.com/2008/01/24/markets/markets_nyopen/index.htmU.S. stocks continued climbing at the start of trading Thursday, following up on the prior session's late-day surge.Thu, 24 Jan 2008 14:32:00 ESThttp://money.cnn.com/2008/01/24/markets/stockswatch/index.htmhttp://money.cnn.com/2008/01/24/markets/stockswatch/index.htmU.S. stock futures slipped early Thursday after a disappointing outlook from eBay cast a cloud over the tech sector and investors awaited another batch of corporate earnings.Thu, 24 Jan 2008 09:59:00 ESThttp://edition.cnn.com/2007/BUSINESS/08/17/europe.stocks.reut/index.html#cnnSTCTexthttp://edition.cnn.com/2007/BUSINESS/08/17/europe.stocks.reut/index.html#cnnSTCTextEuropean shares returned to negative territory in choppy trade at midday on Friday as mining and chemical stocks slipped while concern mounted that a global credit crunch could slow growth. Fri, 17 Aug 2007 11:39:00 EDThttp://money.cnn.com/2007/08/10/news/international/european_markets.reut/index.htmhttp://money.cnn.com/2007/08/10/news/international/european_markets.reut/index.htmEuropean shares suffered their biggest one-day percentage decline in more than four years Friday, fueled by fears of a liquidity crisis stemming from problems in the U.S. subprime mortgage market.Fri, 10 Aug 2007 07:01:00 EDThttp://money.cnn.com/2006/09/21/news/companies/societe_generale.fortune/index.htmhttp://money.cnn.com/2006/09/21/news/companies/societe_generale.fortune/index.htmSociété Générale ranks no. 67 on FORTUNE's Global 500 this year, with $64.4 billion in revenues, up 98.8% from the previous year. The Paris, France-based company was ranked no. 152 on the 2005 list. Its 2005 profits were $5.5 billion, up 42.1% from a year earlier. 2005 was a banner year for most Global 500 companies.Thu, 21 Sep 2006 16:13:00 EDThttp://money.cnn.com/2006/01/26/news/international/update_siemens.dj/index.htmhttp://money.cnn.com/2006/01/26/news/international/update_siemens.dj/index.htmShares of German industrial conglomerate Siemens gained ground on Thursday as orders climbed 31%, offsetting potential disappointment from a 19% income slide.Thu, 26 Jan 2006 12:28:00 ESThttp://money.cnn.com/2004/12/01/markets/bondcenter/bonds/index.htmhttp://money.cnn.com/2004/12/01/markets/bondcenter/bonds/index.htmThe dollar shrugged off strong economic numbers and instead reached new record lows on high deficits.Wed, 01 Dec 2004 13:43:00 ESThttp://money.cnn.com/2004/10/22/markets/bondcenter/bonds/index.htmhttp://money.cnn.com/2004/10/22/markets/bondcenter/bonds/index.htmTreasury prices climbed and the dollar hovered near eight-month lows against the euro Friday afternoon as traders worried about how soaring oil prices will affect the U.S. economy.Fri, 22 Oct 2004 12:41:00 EDThttp://money.cnn.com/2004/09/09/news/economy/forecast/index.htmhttp://money.cnn.com/2004/09/09/news/economy/forecast/index.htmEconomists are again reining in estimates for hiring and economic growth, saying companies are cautious amid rising oil prices, a newspaper reported Thursday.Thu, 09 Sep 2004 18:44:00 EDThttp://money.cnn.com/2004/08/30/markets/bondcenter/bonds/index.htmhttp://money.cnn.com/2004/08/30/markets/bondcenter/bonds/index.htmBonds ticked higher and the dollar was mixed against the euro and the yen following the release of July's personal income report that was weaker than analysts had expected.Mon, 30 Aug 2004 12:04:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/1999/04/26/258783/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1999/04/26/258783/index.htmIn France, a business deal used to mean an excuse for old classmates from the Ecole Nationale d'Administration (the training ground for elite bureaucrats and CEOs) to get together over a four-cours...Mon, 26 Apr 1999 04:01:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/1994/03/07/79049/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1994/03/07/79049/index.htmLists of the largest dealers in swaps or other species of derivatives are common. But to FORTUNE's knowledge, this is the first that totals all the derivatives contracts of each dealer and presents...Mon, 07 Mar 1994 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1988/12/19/71397/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1988/12/19/71397/index.htmA SPECTER IS haunting Europe -- the specter of grinding global competition. In their first act of exorcism in the early 1980s, European companies restructured by shedding weak units, cutting costs,...Mon, 19 Dec 1988 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1988/11/07/71241/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1988/11/07/71241/index.htmFROM EUROPE to the Orient, top managers are strikingly underpaid compared with their U.S. counterparts. Chief executives of 24 U.S. companies, including Du Pont, Sara Lee, Toys ''R'' Us, and Lotus ...Mon, 07 Nov 1988 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1988/07/18/70811/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1988/07/18/70811/index.htmLooking to get away from it all? Club Med plans something for the exotic vacation crowd -- a ''village'' that floats. Billing it as the world's largest sailboat, the hotel chain has a $100 million,...Mon, 18 Jul 1988 04:01:00 EDThttp://money.cnn.com/magazines/fortune/fortune_archive/1988/02/15/70214/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1988/02/15/70214/index.htmWhile most Europeans have barely warmed to the notion of hostile takeovers inside their own countries, Carlo de Benedetti has turned up the heat. The hero of Olivetti is vying to take charge of Soc...Mon, 15 Feb 1988 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1987/11/09/69795/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1987/11/09/69795/index.htmNo one can know what recent stock market volatility portends, but three daily drops in two weeks of more than 90 points in the Dow Jones industrial average, including a record 108-point plunge, hav...Mon, 09 Nov 1987 05:01:00 ESThttp://money.cnn.com/magazines/fortune/fortune_archive/1985/04/15/65824/index.htmhttp://money.cnn.com/magazines/fortune/fortune_archive/1985/04/15/65824/index.htmLately the French have seemed determined to be as well known for their electronic technology as for their cuisine. A committee representing French banks has decided to provide 12 million of the cou...Mon, 15 Apr 1985 05:01:00 EST