| Regulation could not have stopped SocGen case: EU "No regulation in the world could have foreseen what happened last week in France," EU Internal Market Commissioner Charlie McCreevy told reporters. On January 24, France's second-lar ...[more] |
| Prosecutors let SocGen fraud rap drop: source If confirmed, the move would represent a blow for SocGen managers, who last week branded trader Jerome Kerviel a "fraudster" and said the bank had been the victim of "massive fraud". ...[more] |
| French PM: SocGen must remain "great French bank" "I would like to say to you, and through you to all those listening to us, that Societe Generale is a great French bank and that the government is determined that Societe Generale remains a g ...[more] |
| AMF confirms probe on Societe Generale stock trading "I confirm. We launched an official investigation today," an AMF spokeswoman said. (Reporting by Nicolas Rialan, writing by Dominique Vidalon) [more] |
| SocGen defends Robert Day's share dealings "Mr. Day and his family's trusts and charitable foundations sold Societe Generale shares in December 2007 and up to 18 January 2008, which was a window of time where such trades were permitte ...[more] |
| SocGen stock rises on renewed BNP bid talk: traders Asked about the SocGen bid rumor, BNP Paribas said it had no comment to make. At 9:03 a.m. EST, SocGen stock was up 8.4 percent at 77 euros, bouncing back from a recent sharp decline. ...[more] |
| 2008-09 to be an opportunity for deals: Carlyle He predicted a "correction" rather than a crisis in the market, with a slowdown in the number of deals after the financing markets dried up last summer following the subprime crisis. ...[more] |
| Bank of America CEO: Countrywide merger "is a go" ) Chief Executive Kenneth Lewis on Tuesday said Countrywide Financial Corp's CFC.N fourth-quarter results were consistent with the bank's expectations, and "everything is a go" to complete the acqu ...[more] |
| Citi likely to keep Smith Barney, stay intact: CNBC ) CEO Vikram Pandit is likely to keep the company intact rather than spinning off or selling units such as the Smith Barney retail brokerage, CNBC's Charles Gasparino said on Tuesday without citing ...[more] |
| Top bankers must judge risk: Citigroup chairman Banks are under pressure to tighten their internal risk controls after French bank Societe Generale last week unveiled the biggest incident of alleged fraud in history. "You can't man ...[more] |
| CME bid won't effect planned steel futures: NYMEX "It should not affect our decision to move into steel," said Robert Levin, senior vice president at research at NYMEX, adding: "We are moving forward with steel." The world's largest ...[more] |