Societe Generale
SG speculates on credit
Société Générale has reported increased interest in unleveraged long credit trades based on the iTraxx Crossover Europe index.
CEBS analyses op risk impact of Société Générale fraud
Daily news headlines
Sovereign and state bank links - Product review
Societe Generale is offering investors a link to the sovereign debt of China, Malaysia, South Korea and Thailand and the banking debt of the State Bank of India. Capital is protected and coupons are fixed at 3.3%, although the issuer has the right to…
SG CIB makes two hires for equity derivatives team
Société Générale Corporate and Investment Banking (SG CIB) has hired two staff for its equity derivatives department.
Cultural change prescribed in response to subprime losses
As banks and other market players seek to close risk management loopholes exposed by tottering markets, some post-mortems are homing in on a broader issue: corporate culture.
Péretié to replace Mustier at SG CIB
Michel Péretié has been named as the next chief executive of Société Générale Corporate and Investment Banking (SG CIB), replacing Jean-Pierre Mustier.
Compliance managers warned of troubles ahead
Daily news headlines
SG moves on from Kerviel
Société Générale was sent reeling after revelations of a EUR4.9 billion rogue trading loss in January. Glaring weaknesses in the control processes were identified in an internal report, and the bank has started to take steps to address the issues. Nick…
Police question second SG employee
A new lead has emerged in the recent case of unauthorised trading at Société Générale (SG), which cost the bank €4.9 billion in January.
FSA releases systems and controls questions on SG rogue trading incident
Daily news headlines
Genius or blunder?
As more details emerge on the rogue trading scandal that caused a EUR4.9 billion loss, Société Générale appears more a victim of risk management failures than of a genius of fraud. But is this case a one-off, or are other institutions similarly…
Confirmations in the spotlight
Back office
New biometric access system for SG
Daily news headlines
Kerviel acted alone, SG report finds
The Société Générale (SG) investigation into rogue trader Jerome Kerviel has found no evidence of an accomplice, but criticises the bank's oversight teams for failing to take the initiative in following up 93 alerts triggered by his unauthorised trades.
Société Générale gets a cash infusion
Société Générale (SG) is the latest of several banks to raise money through the capital markets after suffering multibillion-dollar losses. Unlike several Wall Street banks issuing mandatory convertibles, the French bank will sell stock and give current…
Lagarde: SocGen losses due to poor op risk
Daily news headlines
SG downgrade throws shadow over structured products
The €4.9 billion loss at Société Générale (SG), blamed by the bank on a single rogue trader, has drawn attention to counterparty credit risk within the structured products industry.
French finance ministry releases SG post mortem
The French finance ministry called for better risk management and oversight at Société Générale (SG), and heavier fines for non-compliant banks, in a preliminary report issued today.
Finding a niche
Energy and Commodity Rankings 2008: Energy
