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Monday, November 23, 
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Entries tagged "SocGen"

Hiring: Meredith Whitney, SocGen and more

Here's a peek at the latest financial institutions that are reportedly hiring.


He's baaack: SocGen 'Rogue Trader' to stand trial

Jerome Kerviel, aka 'The Rogue Trader,' has been ordered to stand trial for making large-scale, irregular bets on the derivatives market that lost the French bank $7.2 billion.


Hiring: SocGen hiring 40 bankers

Societe Generale is looking to hire up to 40 banks in Europe.


AIG crushed by Goldman and Societe Generale?

Did Goldman's and Societe Generale's demands to collect on $11.4 billion from AIG push the insurer into the land of multiple bailouts?


Hiring: Barclays, SocGen seek M&A advisers

Barclays and Societe Generale are both hiring in Europe and Asia.


SocGen, Wells Fargo cut pay, pensions

More banks are cutting back compensation and pension plans to secure capital. The latest include Societe Generale , Macquarie Group and Wells Fargo.


SocGen's Bouton resigns, ending era

The French bank's long-standing chairman says attacks against him risked damaging the bank.


Finance Layoffs: Societe Generale, BoA and more

Job cuts have hit Societe Generale, Bank of America and Prudential Asset Management.


SocGen CEO talks of crisis, capital

Séverin Cabannes, Société Générale SA's co-chief executive, has had a tumultuous year, even by the standards of besieged bank CEOs. He led the Paris-based bank's crisis team in the days after it was rocked by a €4.9 billion ($6.3 billion) rogue-trading loss. Months later he was named co-CEO in charge of managing SocGen's risk, finance and resources divisions as credit markets and assets collapsed in the wake of Lehman Brothers Holdings Inc.'s failure. He recently spoke with The Deal. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story,...


Hiring: Societe Generale

Good news for bankers looking for a job. There is at least one investment bank hiring. The bad news is that you have to speak French. ...


SocGen report No. 62: Kerviel still guilty, bosses still lax

The Societe Generale SA trading scandal grinds on, with yet another internal report. The conclusions, amazingly enough at this point, still appear to be tentative: Jerome did what he did (well, he confessed), he may have had an accomplice (his trusty assistant who input false data, but claims he didn't know what he was doing), and his two immediate supervisors shoulder the blame for inadequatte supervision. No kidding. ...


Roll Call: Kerviel's new gig

Everyone's favorite rogue trader Jerome Kerviel started his new job Monday working as a trainee at Lemaire Consultants & Associates, a computer consulting firm, according to the International Herald Tribune. Kerviel's trades were blamed for Societe Generale SA's $7.72 billion in losses. - Maria WoehrSee Dealscape: Jerome Kerviel's new jobSee Dealscape: SocGen trader's resume...



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Loan-to-buy

Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'


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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.



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