http://www.reuters.com/article/ousiv/idUSKIM04591120080130

PARIS (Reuters) – Societe Generale fought off political pressure to sack its chairman on Wednesday after suffering the world’s worst financial trading scandal, but the French bank failed to quash persistent takeover speculation.

The bank’s board also said it had set up a special committee of independent directors to ensure that the cause and size of its rogue trading losses were fully accounted for.

The panel will be led by a Jean-Martin Folz, former head of French carmaker PSA Peugeot Citroen.

Very cool, business at Societe Generale continues with its chairman in charge. It will be interesting to see what the panel discover as a result of the investigation of the losses discovered, we’ll have to see what news develops, check it out, an interesting read.

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