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CNNMoney: Euro slides to one-month low as optimism wanesupdated: Thu Feb 16 2012 10:51:00

The euro slid to a one-month low Thursday, after Moody's put a number of European financial firms up for review.

CNNMoney: European stocks shrug off downgradeupdated: Mon Jan 16 2012 12:30:00

European stocks closed slightly higher Monday, shrugging off Standard & Poor's downgrade of nine eurozone governments.

Protesters in Budapest demand PM resignupdated: Thu Jan 05 2012 09:32:00

Thousands of people protest Hungary's new constitution, demanding that PM Orban resign. CNN's Jim Clancy reports.

Yields on Hungary debt near 10%updated: Thu Jan 05 2012 09:32:00

Hungary's currency plunged to fresh lows against the euro on Thursday after the country failed to attract enough investors at a government bond auction to reach its target.

CNNMoney: Fitch downgrades world's largest banksupdated: Fri Dec 16 2011 07:35:00

The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets.

Central banks step in to help marketsupdated: Fri Dec 16 2011 05:32:00

Economist Alan Clarke discusses why central banks have moved to boost liquidity on the global markets.

Fitch downgrades world's top banksupdated: Fri Dec 16 2011 05:32:00

The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets.

CNNMoney: Societe Generale takes on the 'irrational market'updated: Fri Sep 16 2011 15:21:00

French banking group Societe Generale has been at the center of the recent turmoil over the deepening sovereign debt crisis in Europe.

A history of big trading lossesupdated: Thu Sep 15 2011 10:43:00

UBS has revealed a $2 billion unauthorized trading loss. CNN's Jim Bittermann looks at past trade losses.

The world's biggest rogue traders in recent historyupdated: Thu Sep 15 2011 10:43:00

UBS announced Thursday that rogue trading by one of its investment bank traders had cost the Swiss banking giant a staggering $2 billion.

CNNMoney: UBS: 'Unauthorized' trades cost us $2 billionupdated: Thu Sep 15 2011 09:12:00

Swiss banking giant UBS discovered that unauthorized trading has cost it an estimated $2 billion, it announced Thursday.

CNNMoney: Stocks headed for a third day of gainsupdated: Wed Sep 14 2011 09:07:00

Wall Street was headed for a third day of gains Wednesday following a rally in European stocks on renewed talk about the possibility of a Eurobond and after Moody's downgraded two French banks.

CNNMoney: French bank downgrade is latest blow to Europeupdated: Wed Sep 14 2011 07:54:00

Underscoring the uncertainty about Europe's financial system, two major French banks -- Societe Generale and Credit Agricole -- were downgraded Wednesday due to their exposure to the debt of Greece and other weak eurozone nations.

Countries ban short-selling stocksupdated: Fri Aug 12 2011 07:19:00

Four European countries ban the short-selling of financial stocks. CNN's Nina Dos Santos reports.

CNNMoney: Dow surges 423 pointsupdated: Thu Aug 11 2011 16:48:00

Rebound! Stock markets continued their schizophrenic week Thursday as all three indexes surged on positive earnings and labor market news.

CNNMoney: European markets surge, slump, and surge again!updated: Thu Aug 11 2011 12:02:00

European markets changed course and surged in afternoon trading Thursday, having started strong and then slumped earlier in the session, while Asian stocks were mostly down.

CNNMoney: Stocks set to fall again on France woesupdated: Thu Aug 11 2011 08:49:00

Buckle up. U.S. markets are likely headed for another roller coaster ride Thursday, as investors weigh positive news at home against growing concerns about fiscal problems in Europe.

CNNMoney: European and U.S. bank shares get hammeredupdated: Wed Aug 10 2011 12:32:00

The stock market continues to struggle. Yesterday's market rally at the close was short-lived. The S&P 500 dropped 2%, and continued to slide in early morning trading Wednesday.

CNNMoney: Oil prices resume upward marchupdated: Tue Mar 22 2011 15:27:00

Oil prices moved higher Tuesday as investors focused their attention on the conflict in Libya and escalating tensions in Yemen.

French rogue trader's bank won't demand billions in damagesupdated: Wed Oct 06 2010 15:40:00

The bank that French rogue trader Jerome Kerviel worked for does not intend to force him to pay 4.9 billion euros (about $6.8 billion) in damages to the bank, a representative said Wednesday.

French rogue trader Kerviel found guiltyupdated: Tue Oct 05 2010 17:58:00

Trader Jerome Kerviel was found guilty of all charges Tuesday for betting 50 billion euros ($61 billion) of a French bank's money without its knowledge.

Defense concludes case in French banking corruption trialupdated: Fri Jun 25 2010 12:02:00

Defense lawyers wrapped up their case Friday for French trader Jerome Kerviel, who is on trial for allegedly betting 50 billion euros ($61 billion) of a French bank's money without its knowledge.

Prosecutors request 4-year sentence in Kerviel caseupdated: Thu Jun 24 2010 10:22:00

French prosecutors demanded Thursday that trader Jerome Kerviel serve four years in jail for allegedly betting €50 billion ($61 billion) of his employer's money without its knowledge.

French trader on trial over alleged $6B fraudupdated: Tue Jun 08 2010 10:32:00

The trial of a French trader accused of wracking up almost $6 billion in losses through authorized trades opened in Paris Tuesday.

Fortune: The coming gold bustupdated: Wed May 19 2010 12:17:00

When gold prices turn skyward, like they did for the past two weeks before some recent flattening, some mix of greed, fear and uncertainty are likely ruling the market. What better time to remember what really drives prices over the long-term: market fundamentals. Through that lens, gold might not be such a hot investment.

Trader faces trial over alleged $7B fraudupdated: Tue Sep 01 2009 07:14:00

The 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.

CNNMoney: Wanted: Duller times for stocksupdated: Wed Jul 01 2009 10:52:00

Financial 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.

CNNMoney: Oil ends above $70 - 1st time in 7 monthsupdated: Wed Jun 10 2009 10:43:00

Oil 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.

SocGen head resigns after trading scandalupdated: Wed Apr 29 2009 04:25:00

The 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.

French banking scandalupdated: Wed Apr 29 2009 04:25:00

A French trader cost Societe Generale billions, but his lawyer says there's more to the story. CNN's Jim Bittermann reports.

Fortune: AIG finally names namesupdated: Mon Mar 16 2009 12:01:00

AIG 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.

Fortune: Saving Société Généraleupdated: Wed Apr 16 2008 09:06:00

In 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.

How rogue trader did itupdated: Tue Mar 11 2008 10:47:00

Investment strategist Peter Dunay discusses how one junior employee could have achieved such massive fraud.

Soc.Gen: Lying trader created $7B losses aloneupdated: Wed Feb 20 2008 18:40:00

An 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.

Bosses 'condoned' SocGen traderupdated: Fri Feb 15 2008 21:33:00

A 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.

Fortune: Clarificationupdated: Wed Feb 13 2008 10:53:00

The 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.

SocGen tries to plug capital gapupdated: Mon Feb 11 2008 10:10:00

Societe 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.

SocGen trader jailed by courtupdated: Sun Feb 10 2008 20:17:00

Jerome 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.

France urges more suspicion of fraudupdated: Tue Feb 05 2008 01:53:00

A 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.

Fortune: 4 things I learned from Société Généraleupdated: Fri Feb 01 2008 13:14:00

Two 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. Rivals Eye SocGen Buy-Outupdated: Thu Jan 31 2008 12:00:00

Rumors are rife in France that the beleaguered bank SociÉtÉ GÉnÉrale will be acquired by a hostile rival

Societe Generale CEOs keep jobs updated: Wed Jan 30 2008 21:37:00

The 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.

CNNMoney: SocGen board rejects CEO resignationupdated: Wed Jan 30 2008 10:20:00

The 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.

Report: Trader had drawn red flagsupdated: Tue Jan 29 2008 21:56:00

Concerns 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.

CNNMoney: Prosecutor seeks fraud charge for rogue traderupdated: Tue Jan 29 2008 07:09:00

The 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.

CNNMoney: France details charges against rogue traderupdated: Mon Jan 28 2008 15:09:00

French 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.

'Rogue trader' faces preliminary chargesupdated: Mon Jan 28 2008 14:41:00

French 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.

French bank details $7.2 billion lossupdated: Sun Jan 27 2008 20:34:00

French 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.

Bank: Rogue trader hacked computersupdated: Sun Jan 27 2008 11:49:00

The 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.

Police quiz accused 'rogue trader'updated: Sat Jan 26 2008 22:57:00

The 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.

Blamed for losing billionsupdated: Sat Jan 26 2008 10:12:00

New details emerge about the rogue trader who cost French bank Societe Generale billions. CNN's Jim Bittermann reports.

Police raid rogue trader's apartmentupdated: Fri Jan 25 2008 23:25:00

French 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.

Rogue trader in $7.2B bank fraudupdated: Fri Jan 25 2008 03:14:00

French banking giant Societe Generale said Thursday it had uncovered an "exceptional" fraud case that cost it a staggering €4.9 billion ($7.2 billion).

CNNMoney: Stocks resume advanceupdated: Thu Jan 24 2008 09:32:00

U.S. stocks continued climbing at the start of trading Thursday, following up on the prior session's late-day surge.

Fortune: Société Générale ranks No. 67 on FORTUNE's 2006 Global 500updated: Thu Sep 21 2006 12:13:00

Société 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.

CNNMoney: Economists trim growth forecastsupdated: Thu Sep 09 2004 14:44:00

Economists are again reining in estimates for hiring and economic growth, saying companies are cautious amid rising oil prices, a newspaper reported Thursday.

Fortune: BIG BOYS IN A BIG BUSINESS updated: Mon Mar 07 1994 00:01:00

Lists 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...

Fortune: AMERICAN BOSSES ARE OVERPAID . . . . . . Or their counterparts in Europe are underpaid. However you argue it, the gap is too hugupdated: Mon Nov 07 1988 00:01:00

FROM 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 ...

Fortune: Vive la carte!updated: Mon Apr 15 1985 00:01:00

Lately 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...

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