Entries tagged "SocGen"
The French bank's long-standing chairman says attacks against him risked damaging the bank.
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. ...
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...
The CEO shuffle that was all the rage in the U.S. last year has finally crossed the Atlantic as news spreads that Societe Generale SA's chairman and CEO Daniel Bouton has stepped aside. ...
The rogue French trader Jerome Kerviel may have never been to Tamarack Resort in Donnelly, Idaho, but its parent, VPG Investments Inc., is blaming him for its Chapter 11 bankruptcy filing, notes the Idaho Statesman. ...
