SocGen

  • jerome kerviel

    News

    There Are Some Upsides To A €4.9bn Fine

    We’re not going to sugarcoat it. There aren’t a lot. But if you find yourself frequently plagued by parking, speeding tickets and the like, consider this silver lining:

    / May 9, 2014 at 2:52 PM
  • News

    Turkey Offers Two Options For People With Nothing Nice To Say About Its Capital Markets

    Option A: shut the hell up. Option B: spend time in prison.

    / Jan 4, 2013 at 6:55 PM
  • News

    Société Générale Seeking Suggestions For How Jerome Kerviel Can Make Things Up To Shareholders

    Yesterday in France, a court sentenced everyone’s favorite rogue trader, Jerome Kerviel, to three years in prison and said he must also “pay back” the $6.8 billion that was lost. At his current salary as a technology consultant, it should only take Kerviel 170,000 years to do so. Attorney Olivier Metzner said his client is […]

    / Oct 6, 2010 at 2:47 PM
  • News

    French Insider Traders Fart In Your General Direction

    True, French bankers are masters of the disdainful frown, delivered with great poise and bitterness even when breaking the news that the client’s entire fortune was, in fact, invested with Bernie Madoff. But even among these captains of the curmudgeon, occasionally a standout emerges. In the case of the SocGen insider trading probe, we are […]

    / Aug 6, 2009 at 2:52 PM
  • News

    Record Deal TK

    Société Générale shareholders, still not over the months-old rogue trading scandal, told Chairman Daniel Bouton that he’d “turned the bank into a casino,” demanded his resignation and booed his every word at today’s annual general meeting. Apparently Bouton’s power point presentation, which showed that over an 8-year period, SocGen shares had remained among the best […]

    / May 27, 2008 at 4:30 PM
  • News

    Jerome Kerviel: Charting His Trades

    Our eyes were already glazed over when we finally turned our attention to the the report released by Société Générale on the Jerome Kerviel scandal. The ocular varnish hardened to opaque as we skimmed through blather about how almost everything had gone right, everyone had done things well, and it was just a few bad […]

    / Feb 21, 2008 at 3:39 PM

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