Societe Generale confirmed a record fourth-quarter loss after absorbing the world's biggest rogue trading scandal.SocGen style fraud could strike again
French bank Societe Generale's 4.9 billion euro (3.7 billion pound) loss, blamed on a single employee, is a stark reminder that rogue traders can elude the most sophisticated security systems until it is too late.
- SocGen raised €5.5bn successfully
- SocGen sees near 100 pct rights take-up
- SocGen in discounted rights issue
- Rogue trader probe looks to London
- Court orders rogue trader's detention
- SocGen shares jump as bidder field widens
- SocGen’s £3.7 billion loss spooks markets
- SocGen backs chairman
- SocGen warned of Kerviel in 2007
- France says no pressure on SocGen to merge
- Pressure piles on SocGen over trading scandal
- Rogue traders: the biggest bank frauds
- How a single dealer lost billions
- Who made money out of Soc Gen's losses?
- SocGen humbled by rogue trader scandal
Societe Generale fraud
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How the markets sees the scandal
- Societe Generale sharesSociete Generale shares
Rogue trader poll
- Do you think the banks are doing enough to prevent fraud?
- No, we need new rules to prevent a repeat
66% - Yes, Societe Generale was an exception
11% - There is no way of knowing until markets crash again
24%
- No, we need new rules to prevent a repeat