Preventing Another Societe Generale
2008-05-13 03:48:00 Financial news in 2008 ? from French bank Société Générale?s $7 bn loss to millions of write-downs at other major financial institutions amid hefty subprime losses ? underscores the importance for financial institutions of implementing effective governance, risk and compliance (GRC) strategies. But GRC is a complex challenge, and while many institutions may be tempted to ...
By: Audit Trail
French Bank: 1% Fed Fund Rate And Recession Until Mid 2009 For U.S.
2008-03-19 20:24:00 MoneyControl.com (India) is reporting today that according to a CNBC-TV18 interview with Glenn Maguire, Chief Economist at Société Générale, the French bank sees the Federal Reserve lowering interest rates to 1% and a U.S. recession lasting until the middle of 2009. From the financial portal: Q: Where do we go from here with the Fed policy? A: ...
By: Boom2Bust.com
Societe Generale trader faced earlier inquiry
2008-02-18 21:19:00 Story link here. If you never had a good reason to avoid brokers, this should do it for you. Use ShadowTraders, make your own money (and keep it) and dump the dishonest creep brokers. “Trades executed by Jérôme Kerviel, the Société Générale dealer who allegedly masterminded the world?s biggest rogue trading scandal, were being scrutinised within the ...
Fraud at Societe Generale: Was this a new lesson for the financial institut
2008-02-18 20:13:00 One more name got added to the list of rogue traders with the revelation of fraud by Jerome Kerviel at Societe Generale. This seems to be the biggest banking fraud unless a few more traders, who might have taken massive bullish positions in this bearish market, get exposed in near future. A $7.2 billion loss outsmarted all the previous trading losses. Societe Generale is France?s second largest bank and the unauthorized bets on stock-index futures resulted in a loss of euro 4.9 billion. Jerome Kerviel started increasing the size of his trades in the year 2007 and Bank was informed about that by the authorities of Eurex, but his net position was a profit of $81 million and hence the caution was ignored by the bank. By the end of 2007, Jerome had booked profit of about $2 billion for the bank and this time he was more ambitious. He entered into contract illegally on the name of bank?s clients. His fictitious trades largely involved future contracts on various indices such as Eurosto...
No existió fraude en Societe Generale
2008-02-03 00:54:00 Según van pasando los días se descubren nuevos datos de una estafa que parece no haber existido nunca, la conocida como los 5.000 millones de Societé Genérale, que cometió Jerôme Kerviel, un operador de mercado del citado banco.Más parece ser un "cabeza de turco" de otras operaciones fraudulentas realizadas por los altos directivos de la entidad.Se ha conocido que un miembro del Consejo de Administración de Societé, Robert A.Day, vendió acciones de la citada entidad por importe de 85 millones de euros, dos semanas antes de que se anunciara el fraude. Dos fundaciones relacionadas con esta persona, también realizaron ventas masivas de acciones de Societé. Los accionistas minoritarios de la entidad ya se han puesto en marcha para denunciar estas infracciones ante los organismos reguladores del país vecino.Si a esto añadimos el anuncio de pérdidas de más de 2.000 millones de euros por las subprime americanas, ¿alguien sigue creyéndose lo del fraude realizado por Jerôme Kerviel?.En Conta...
Societe Generale losses an inside job?
2008-01-29 19:57:00 (LPAC) — The final disintegration of the global monetary system was but a hair’s breadth away on January 21 and 22 of this year. Stock markets all around the world dropped precipitously on Monday the 21st, except for markets in the U.S., which were closed for the Martin Luther King holiday. Faced with the prospect ...
sembmarine to pay Societe Generale $115 mln to settle forex losses - Market
2007-11-19 16:11:00 sembmarine to clear Societe Generale $115 mln to resolve forex lossesMarketWatch -6 hours agoBy Costas town SINGAPORE (marketwatch) — sembcorp serviceman Ltd. (S51.SG) module clear France's Societe Generale (13080.FR) US$115.45 meg to resolve conception of a …sembcorp serviceman organisation pays $115.45 meg to near discover forex dealsMarine Logall 17 programme articles More: continuing here
Two banking rivals - Erste vs. Societe Generale.
2007-10-05 19:38:00 Last week on Prague Stock Exchange was in token of bulls. Main stock index PX50 is close to all time high (1881 points). The best performing was Erste Bank which was under bearish pressure after credit crunch. Weekly shares gained 8%. On the other side main rival Komercni banka (Societe Generale) lost 1.3%. Perhaps investors don't see a lot of potential for growth as stocks are reaching record price. P/E ratio is more or less the same for both (17). Investment plan in Ukraine helped Erste to grow this week.http://stockweb.blogspot.c-om/atom.xml
Societe Generale
2007-07-05 00:00:00 Frans?z sermayeli ve Türkiye´de temsilcili?i olan bankan?n web sitesi genelde tan?t?m amaçl?.
By: Kuzey Ruzgari
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