Jerome Kerviel, the former Societe Generale trader convicted of fraudulent transactions that led to a record loss at the bank, is getting out of jail early.
Societe Generale's primary business is private banking, global investment management and services, and corporate & investment banking.
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French bank Societe Generale reported a 7.8 percent rise in net profit on Friday, while adding to its litigation provisions.
Commerzbank will probably be the next bank to resolve alleged U.S. sanctions violations, a person with knowledge of the matter said.
Have job will travel.
Morgan Stanley now has new critic: the Chinese government.
Sumitomo Mitsui Financial Group’s trust banking arm plans to almost double employees in the next three years to 300 to expand services for wealthy individuals in Japan.
Credit Agricole, which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the lender sent to the EU.
'I was in the system and I let myself get drawn into the system'.
CEO of Société Générale, Frédéric Oudéa has pledged the group's Russian business will be among the main drivers of growth in profits in the next three years.
Societe Generale Private Banking (SGPB) has made the following appointments, effective from 1st January 2013:
Christian Behaghel has been appointed head of Global Transaction Banking and deputy head of Global Transaction & Payment Services at Societe Generale.
Societe Generale is entering the U.S. commercial-mortgage-backed securities market and has hired a team of more than 10 people from Royal Bank of Scotland for the effort.
Société Générale Corporate & Investment Banking has announced the following appointments across Europe and the US, within the Natural Resources and Energy Financing Group, part of Global Finance:
Here's another firm hoping to achieve 5-10% cost savings next year.
Take the money and run ?
More commodities woe.
In order to further develop businesses of Societe Generale with Russian Corporate clients, Rosbank and Societe Generale Corporate & Investment Banking has announced the following appointments:
A former Societe Generale mortgage-bond trader in New York was sanctioned by the Financial Industry Regulatory Authority for improper transactions.
Societe Generale's Russian unit Rosbank has dismissed Chief Executive Vladimir Golubkov following his prosecution for bribery and will launch a search for a successor, it said on Monday.