-
-
Check out our applications -
subscribe to RSS
Get email updates every time we post!
Business at Societe Generale continues
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.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Leave a Reply
Recent Posts
Categories
Recent Comments
- Data centers on Joining the cloud computing space
- Tom on BuildMyVirtual - our Self Service Virtualization Portal goes online for free download shortly
- scott Paradis on What's in a name - quite a lot you know
- martin237 on How to reboot the HP ILO/kick off a hung session
- Steve Khan on What's the ILO and how do I connect to it?
- Mahmoud Moataz on How to reboot the HP ILO/kick off a hung session
- ST2 on Virtual mobile handset please
- Allan on How to reboot the HP ILO/kick off a hung session
- Chris Rugh on Vendor engagement and real world opportunities
- Ray McLemore on HP Converged Infrastructure enhances trade capacity and execution
