Top Firm In Fight With Banker Who Claims He Was Fired For Being Too Successful

Reuters reports that Raphael Geys, a Belgian national and a former managing director of SocGen's European fixed income sales in London, is suing for breach of contract after France's second-largest bank summarily fired him in 2007 without paying his full severance package.

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SocGen to battle fired banker in UK Supreme Court

In the meantime, The Financial Times reports that 'Société Générale has been ordered to suspend some of its private banking activities in Japan after the country’s financial regulator found 'serious violations' of laws in its trust banking operations.

The bank said it was taking the regulator’s concerns 'very seriously' and had already taken 'corrective action'.