Societe Generale Trading Scandal

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SocGen is "in crisis" 9:36am GMT

Societe Generale is in crisis, France's economy minister said of the bank hit by losses piled up by a rogue trader, questions over its leadership, takeover speculation and a falling stock price.  Full Article 

 
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Could it happen again?

Stark reminder that rogue traders can elude the most sophisticated security systems.   Full Article 

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"A genius of fraud"

Junior banker used his intimate knowledge of risk control systems to conceal illegal dealing.   Full Article 

 
 
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Who do you think is more to blame for the staggering scale of the losses suffered by Societe Generale? The bank, the trader - or the system?  Post Comment 

Warfare 2 debuts in tough times

Nov. 10 - Call of Duty Modern Warfare 2 could be the biggest entertainment success of the holiday season.  Play Video

 

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