societe generale

Chinese economy facing downside risks


June 2nd, 2012 - 1:49 pm ICT by IANS
Beijing, June 2 (IANS) China's economic downside risks have been aggravated by slowing expansion in the manufacturing sector and weak market demand, China Daily reported Saturday.This, it said, is reinforcing ... Read more...

Posted in World |

Supreme Court warns Gilani of another contempt notice


March 29th, 2012 - 2:37 pm ICT by IANS
Islamabad, March 29 (IANS) Pakistan's Supreme Court has threatened Prime Minister Yousuf Raza Gilani with another contempt notice for not complying with its orders on the National Reconciliation Ordinance ... Read more...

Posted in Uncategorized |

Next government can approach Swiss courts: Zardari


January 8th, 2012 - 4:17 pm ICT by IANS
Islamabad,, Jan 8 (IANS) President Asif Ali Zardari has said since he would remain the country's president for only the next 12-15 months, the next government can write to ... Read more...

Posted in South Asia |

London police arrest man in connection with UBS trading loss


September 15th, 2011 - 5:35 pm ICT by BNO News
LONDON (BNO NEWS) -- A man was arrested in central London on early Thursday morning on suspicion of fraud in connection with the loss of more than $2 billion due to unauthorized ... Read more...

Posted in Business |

Two French banks downgraded by Moody’s


September 14th, 2011 - 5:39 pm ICT by IANS
Paris, Sep 14 (IANS) Financial ratings agency Moody's Wednesday downgraded two leading French banks, Societe Generale and Credit Agricole SA. The US-based agency has cut Credit Agricole's rating from AA1 ... Read more...

Posted in Business |

Pakistan’s judiciary free, independent, says minister


August 1st, 2011 - 1:29 pm ICT by IANS
Islamabad, Aug 1 (IANS) Pakistan's judiciary was functioning freely and independently, said a minister after a court announced its verdict in a corruption case.Minister for Information and Broadcasting Firdous ... Read more...

Posted in World |

Indian gets 3-year term for stealing trade secrets in US


March 2nd, 2011 - 8:50 pm ICT by IANS
New York, March 2 (IANS) Samarth Agrawal, a 27-year-old Indian who worked as a trader at the French investment bank Societe Generale (SocGen) here, has been sentenced to three years ... Read more...

Posted in World |

French rogue trader Jerome Kerviel gets three years in prison


October 5th, 2010 - 10:18 pm ICT by BNO News
PARIS (BNO NEWS) -- A former trader for Société Générale, one of Europe's leading financial services company, has been sentenced to 36 months in prison and ordered to repay the company 4.9 ... Read more...

Posted in Business |

Interest rates to increase after Diwali: State Bank chief (Lead)


July 13th, 2009 - 8:01 pm ICT by IANS
Kolkata, July 13 (IANS) The country's largest lender, State Bank of India (SBI), says interest rates charged by banks will go up by 25 to 100 basis points after Diwali, a ... Read more...

Posted in Business |

State Bank to raise interest rates after Diwali


July 13th, 2009 - 7:09 pm ICT by IANS
Kolkata, July 13 (IANS) The country's largest lender, State Bank of India (SBI), will raise interest rates by 25 to 100 basis points after Diwali, a top company official said here ... Read more...

Posted in Business |

Societe Generale chairman to quit


April 29th, 2009 - 1:34 pm ICT by IANS
Paris, April 29 (DPA) Daniel Bouton, chairman of the French bank Societe Generale, was to quit following criticism over risky investments and massive losses, the Le Figaro newspaper said Wednesday. Bouton said he ... Read more...

Posted in World |

Losing 3.5 billion pounds in seconds was like playing a video game: Rogue trader


January 23rd, 2009 - 2:50 pm ICT by ANI
Paris, Jan.23 (ANI): A rogue trader who is said to have lost the French bank Societe Generale 3.5 billion pounds, has revealed how gambling millions on the stock market felt like ... Read more...

Posted in World |

French banks hit with losses in US securities fraud


December 15th, 2008 - 6:20 pm ICT by IANS
Paris, Dec 15 (DPA) French investment bank Natixis said Monday it could suffer "indirect" losses of up to 450 million euros ($605 million) as a result of the 450 billion securities fraud ... Read more...

Posted in World |

Rogue French trader Jerome Kerviel becomes cartoon strip star


August 8th, 2008 - 5:20 pm ICT by ANI
London , Aug 8 (ANI): Jerome Kerviel, the rogue trader who has been charged in the January 2008 Societe Generale trading loss incident, is set to become the star of a ... Read more...

Posted in Health Science |

India’s oldest law form Fox Mandal Little wins Best National Law Firm 2008 award


June 26th, 2008 - 7:47 pm ICT by ANI
Paris, June 26 (ANI): FoxMandal Little (FML), India's oldest and largest full service law firm has won the "Best National Law Firm" of the year 2008 for India at the prestigious ... Read more...

Posted in World |

SBI forms JV with French bank to provide custodial services


June 6th, 2008 - 12:36 am ICT by IANS
Mumbai, June 5 (IANS) The country's largest commercial bank State Bank of India (SBI) has inked a joint venture (JV) agreement with French financial services firm Societe Generale Securities Services (SGSS). The ... Read more...

Posted in Business |

Societe Generale fires employees after financial scam


May 28th, 2008 - 7:57 pm ICT by admin
Xinhua Paris, May 28 (Xinhua) French bank Societe Generale, which has been in news since the discovery of a rogue trader scandal that wiped billions from the bank's balance-sheet, has dismissed five of ... Read more...

Posted in Business |

Report slams French bank’s management on giant fraud


May 23rd, 2008 - 4:26 pm ICT by admin
DPA Paris, May 23 (DPA) An internal report on the biggest fraud in financial history will say that a rogue trader at a French bank was able to bypass internal security mechanisms because ... Read more...

Posted in Business |

Societe Generale replaces chief


April 18th, 2008 - 4:21 pm ICT by admin
DPA Paris, April 18 (DPA) Societe Generale head Daniel Bouton will step down from day-to-day operations, France's second largest bank said Thursday night, three months after a massive banking fraud scandal broke. The ... Read more...

Posted in World |

Court releases Societe Generale rogue trader


March 18th, 2008 - 5:17 pm ICT by admin
DPA Paris, March 18 (DPA) An appeals court here Tuesday ordered release of Jerome Kerviel, the rogue trader behind the largest banking fraud, from prison, BFM television reported. The 31-year-old Kerviel was placed ... Read more...

Posted in World |

Police search Societe Generale, take trader into custody


March 12th, 2008 - 10:58 pm ICT by admin
DPA Paris, March 12 (DPA) As part of the investigation into the loss of nearly 4.9 billion euros ($7.5 billion) by a single trader for the French bank Societe Generale, the police Wednesday ... Read more...

Posted in World |

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